NFTRH 705, out now

Just doing the work and moving forward. NFTRH 705, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need … Continue reading NFTRH 705, out now

Not inflation friendly

A few inflation unfriendly pictures while everyone huddles on that side of the boat I don’t know. Maybe they’ve obsoleted contrarian theory. Cancel culture and all. But just in case they haven’t there are these pictures to consider. There are more, but this gives the tenor of the situation from a contrary perspective. 2yr Treasury note is firm and diverging upward by RSI. Doctor Copper … Continue reading Not inflation friendly

Copper, copper miners and the Gold/Silver ratio

Copper and copper miners breaking bad I looked at FCX and thought about buying it as it got dropped to a higher low at the SMA 200. Today it has dropped below it (still a higher low to January’s low). I’d be interested, except that the Copper Miners ETF looks even more suspect and the good Doctor himself is threatening a breakdown… DESPITE booming jobs, … Continue reading Copper, copper miners and the Gold/Silver ratio

Not to be outdone, the Gold/Silver Ratio…

Gold/Silver ratio breakout continues apace Slowly it toined (last week man stared at chart while stuck on an airplane at JFK, Brooklyn accent appropriately included)… …and today it continues to break upward. Folks, if you don’t have your chops in order about what an upturn in gold vs. silver, copper and the rest of more inflation-sensitive (and in most cases, cyclical) stuff means you should … Continue reading Not to be outdone, the Gold/Silver Ratio…

NFTRH 703, out now

Aye aye aye, it’s good to be back at my work station. But its nice out and I need some exercise, so here’s the screenshot to hint at NFTRH 703’s (IMO) very helpful contents. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade … Continue reading NFTRH 703, out now

Sitting at a gate at JFK, man stares at the Gold/Silver ratio

Our flight back from Key West had a detour as jets cannot fully fuel up in Key West due to its really short runway (you should see how they slam on the breaks and stop these things abruptly when landing) and Boston weather said ‘take no chances’. So we’re sitting, sitting and sitting some more at JFK waiting to finish refueling. What to do? Sit, … Continue reading Sitting at a gate at JFK, man stares at the Gold/Silver ratio

NFTRH 702, out now

The screenshot tells some of what’s in the report but fails to mention the heaping helping of precious metals and commodity/resource stocks also included. NFTRH 702, doing its job of ‘top-downing’ the macro in a quality manner, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and … Continue reading NFTRH 702, out now

NFTRH; Gold, Silver & HUI (& some miners)

Yesterday FOMC laid a small, dovish egg on markets that needed something more. Sole abstainer James Bullard wanted .50 instead of the .25 that came. The problem being that the Fed is well behind the bond market in fighting the inflation it created. Again we note the 3 month T-bill yield, which almost always goes in lockstep with Fed policy. Well, not this time. I … Continue reading NFTRH; Gold, Silver & HUI (& some miners)

Platinum: “Me too!” [w/ edit]

Platinum joins its bullish fellow PGM, Palladium [edit] Solid profits now booked on all ‘paper’ bullion vehicles. Bird, meet hand. The Platinum price is making a move to try to keep up with big bro Palladium as it attempts a daily chart channel buster. Last week I cut my Pd position back to be roughly the size of my Pt position, leaving silver of all … Continue reading Platinum: “Me too!” [w/ edit]

NFTRH+; another target registered

Gold hit its short-term target of 2000+ yesterday. Today HUI has hit its short-term target of 325. Silver is at 27.18 (vs. a target of 30 +/-). Recall that my plan (certainly not necessarily your plan, as we all operate on different time lines, parameters and risk tolerances) was to raise cash into next week’s FOMC meeting. The targets above certainly do not need to … Continue reading NFTRH+; another target registered

Silver futures

Silver price makes a bit of a move It is uncharacteristic of silver to be so muted, while gold and various other metals gain attention. But that, in my opinion, is the gift that keeps on giving compliments of the ill-conceived #silversqueeze promotion over a year ago. Markets always seek out balance in some way, shape or form. It appears that the promotion is finally … Continue reading Silver futures

NFTRH+; Futures go bonkers, Ni vertical, Au to target… some thoughts

Various ‘war trades’ spiked and some are reversing in pre-market. Palladium and gold did the spike and reversal while nickel is doing what wheat did last week, limiting up. From NFTRH 696, part 4: Insofar as current TA and sentiment trends remain intact, we’re looking for gold to 2000+, silver to 30+/- and HUI to 325. Gold ticked 2007 before reversing. Silver did not do … Continue reading NFTRH+; Futures go bonkers, Ni vertical, Au to target… some thoughts