Outside of Japan (and its vulnerability to a rising Yen) and Russia (RSX may be declining toward the 18-19 buy area, for those bullish on Russia), most global stock markets…
Per this post at Biiwii, EWI is opening its doors to an aspect of their service that is really not my preferred mode, which is intensive in-day management. Still, I…
Using the most representative or notable index/ETF for each segment, let's update the general status for a range of items (U.S. and global stocks, T bonds, commodities and gold) with…
So here we are. The president gave his first address to congress and the Fed's Dudley and Williams ate microphones and jawboned a rate hike sooner, rather than later. The…
Admin note: An unexpected commitment has popped up and I will be on the road today and tomorrow. I think we've illustrated well enough what is in play for many…
Very few words are needed here. When gold began to cycle upward and change trend vs. positively correlated items, a bull phase was indicated. Now gold is broken vs. most…
As thoughts settle and details surface about the implications of an insurgent US presidency, we can talk about fundamental changes to come for the markets. But for now our job…
A few daily chart pictures to show some repairs in progress for 'gold vs.' other asset items, which also means degradation in progress for assets and markets positively correlated to…
A few charts catching my eye upon today's close... The long-term T bond fund has popped back to a thick and notable resistance area after the 'rising interest rates' mini…
Note: A reminder that I will mostly be away from the markets on Thursday and Friday. This update is an extensive review of where markets stand now. We will update the situation on Sunday with an abbreviated NFTRH 391.
Precious Metals
HUI made it to the resistance line and the projected zone of 202 to 211 off the consolidation triangle (ref. daily chart reviewed in this update last week). From the ‘bottom line’ of that update: “Watch the gold miners. A breakout (on a weekly close) here would signal a new leg to an initial target of 211.”
From NFTRH 346: "It is possible that an A-B-C type correction began in March and ended in May and now a new bull leg has begun. But until 98 is…
Precious Metals
Understand that I am making no assumptions here because the analysis has been constructive on a continuing rally (or even cyclical bull market) for the precious metals sector.