Short Silver Because…
I took a short on silver on the big pop this morning because a) the implications of weak CPI and Retail sales favor gold over silver, but silver popped harder…
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June 14, 2017
Puts on Silver (SLV)
I don't often short the precious metals other than for hedging purposes, but this time I am taking a kick at the can and buying puts against SLV, just because…
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March 28, 2017
NFTRH; Daily View of Gold (GLD), Silver (SLV) and GDX
A brief daily chart update for the precious metals. Let's be aware that today is FOMC Minutes day, so markets may get some whipsaw. GLD is still fine at or…
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August 17, 2016
NFTRH; Precious Metals Reaction Parameters
Using the ETFs for a real time view…
SLV is filling a gap near 15.50 and tagging the SMA 50. That’s the 1st potential support. Better support is 14.40 (SMA 200) to 14.75 (trend line).
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May 19, 2016
NFTRH; Precious Metals ‘in-day’ Charts
Understand that in-day moves can also be whipsaws, so take them for what they are; current views and not a daily or weekly close, which are firmer.
GLD is breaking the Triangle. If this is successful, the next stop might be 1308 for gold per this morning’s update.
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March 3, 2016
GLD & SLV Fill Gaps
This post means absolutely nothing other than to note that the May gaps have filled on GLD and SLV. This after the CoT's degraded, with silver's CoT looking deplorable as…
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May 28, 2015
NFTRH; GDX, GDXJ, GLD & SLV Update
I wanted to give you the latest snapshot of the precious metals as we wind down into the new year. GDXJ is breaking above a short-term downtrend line today after…
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December 30, 2014
NFTRH; Key ETF Update
A snapshot of the current technical status of several key markets (a lot of charts today because macro changes seem to be in effect)…
GLD broke down from the Sym-Tri (strike 1), lost the June low (strike 2) and now would try to find support at the December low, equiv. to gold 1180. Over sold, prone to bounce but technically bearish below 120 and 123.
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September 23, 2014
NFTRH; Key ETF Update
A snapshot of current technicals for key markets…
GLD became very bearish with the breakdown from 124. A rise above 123 is needed to even begin to repair this chart.
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September 9, 2014
NFTRH; Key ETF Update
A snapshot of the current technical status of key ETFs…
GLD filled gap, which now closes out the geopolitical hype and leaves gold on its own right at key support. Still not a constructive looking chart. A rise above the SMA 200 and then the 50 makes it constructive.
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August 27, 2014
NFTRH; Key ETF Charts
A slightly abbreviated Key ETF segment due to ongoing time commitments over the mid summer weeks. Just a snapshot in time, picking up where we last left these charts a few weeks ago…
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July 30, 2014
NFTRH; Key ETF Charts
A snapshot of the current daily chart technical status of several ETFs…
GLD is bullish but in the equivalent resistance zone as noted for gold in NFTRH 296. MACD and RSI positive, with RSI close to over bought. Key support is at the MA 50 and 200.
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June 26, 2014
NFTRH; Key ETF Charts
Key ETF charts are a snapshot to current technicals, not comprehensive technical analysis.
GLD bumped above the lower end of resistance yesterday and is support for any continuing S/T rally activity. The big test is in the 123 to 125 area and the nose of the former Symmetrical Triangle.
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June 11, 2014
NFTRH; Key ETF Charts
ETF daily charts are a snapshot of current technicals, not a comprehensive technical review.
GLD has lost support after spilling out of the Symmetrical Triangle. Last week it was at the 62% Fib retrace and this week that is in the rear view window. Still bearish.
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June 4, 2014