NFTRH 394 Out Now
I've got to run as it's time to get ready to take out Mom, so here is the majority of the email that accompanied the report to subscribers this morning. …
I've got to run as it's time to get ready to take out Mom, so here is the majority of the email that accompanied the report to subscribers this morning. …
We talk a lot about USD, Yen, the 'inflation trade' and of course, silver. We set targets, parameters and risk profiles. We personally benefit once again from grinding out this…
A look at how a few markets are setting up pre-FOMC.
The charts are what they are, but we are dependent upon what the Fed may or may not put out there on Wednesday. I would put the odds of a rate hike at just this side of zero. But they are free to leave forward looking wording as is or do a little tweaking from the currently ultra dovish stance toward at least opening a discussion for rate hike expectations for June.
One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the realization that this disgraceful policy designed to spur speculation and asset price appreciation is all policy makers have got left in their bags of tricks. The endgame is a bag with a hole in it; a monetary black hole.
The other grinds on in what could be the last significant hope replenishing bounce before new downside is explored. Various US and global indexes are already in bear markets but casino patrons are trained to look at the S&P 500, Nasdaq 100 and Dow as “the stock market” and these have not yet gone ‘bear’. If the current bear-trend bounce fails however, that confirmation would be coming promptly.
The comments above are verified by the charts of gold vs. the S&P 500 and the Euro STOXX 50. The bullish move and current consolidation are representative of all major stock markets. This is a trend change in gold vs. stocks (joining gold vs. commodities, which turned up long ago).
Using the Macrocosm theme again (I can't get enough of this gimmick) let's update some key gold ratios in poker terms. Gold is currently working on a 'full house', with…
We had a market break last week and that is all I ask for, a market in motion. When in motion, support and resistance parameters can be drawn and the…
Yesterday we noted the declines in some of the gold sector's fundamentals by daily charts. Let's update the bigger picture weeklies of these and other items to see how they've…
Do you see this chart? In the old days when a world famous policy maker would jawbone about QE gold would sky rocket vs. the stock market. Now? This does…
The 2020 to 2060 zone has been noted as a logical area for active bears to begin shorting. SPX closed at 2033 yesterday. But people should refuse the bear Kool-Aid…
Yesterday the S&P 500 closed once again within the range we have been watching, that includes the upside (1993.48) and downside (1903.07) parameters to a test of what we have called ‘Resistance #2’ at 2040 (Resistance #1 was 1975, which SPX is still dealing with on its bounce attempt).
330 does some opinion making on gold sector perceptions and then buttons down to some interesting market analysis covering the usual suspects; US and global stock markets, commodities, precious metals,…
A snapshot of current daily technicals…
Precious Metals
GLD continues to rise toward the measured target around 128, where it would be over bought. Support is 117 to 119.
Stock Markets The US market is now just about at the limits of a 'bounce' vs. 'bull continuation'. Using SPY as an example. Junk bonds, while still in a downtrend,…
A snapshot of current daily technicals…
Precious Metals
GLD broke up from the pattern neckline and smashed through the SMA 200. That area around 120 is now key support. Upside target measured off the pattern has been around 128, where it would be very over bought.