I've been out this morning finding out that my dog, beloved as an important member of our family, has cancer. He was a shelter hound, born with terrible limbs and…
Three commodities that have gotten big hype bids over the years include what I call the "outliers", Uranium, Rate Earth Elements and Lithium. Way back in the day, the self-named…
Last week we noted that Uranium looked interesting. This week it looks interestinger-still. URA is poking the zone about which we've noted in July 2nd's 'online edition' NFTRH 454... "The…
We noted in NFTRH 454 (online edition) a couple weeks ago that... "The uranium fund is pinned below the declining SMA 50 but has the look of a flag that…
I created the title and then had a flashback to Spy vs. Spy… :-)
Anyway, here are some daily charts of other items vs. SPY. I am getting nudged in the direction of ‘inflation trade’ and as part of that I might need to concede that the US stock market may not go the way of the bears with inflation in the system, post-Goldilocks. Several of my long positions are in alignment with a potential ‘inflation trade’, including US manufacturing/exporters. I still hold SPY short. Ouch, but it’s more than fine; the 2016 out performers are seeing to that.
Here are relevant markets vs. SPY, beginning the EM’s, which we long ago noted were out performing. EEM-SPY is doinking the SMA 200 for the first time today.
In a recent NFTRH report we noted that the Uranium ETF was making constructive moves at the SMA 200. Here is an updated chart.
For all you Uranium enthusiasts out there... Assuming that USD has gone bearish (let's watch for a weekly close below the Sept. low) the commodity complex gets interesting. We have…
A brief update as I am on a mini getaway in NYC and will be hitting the road shortly. TIP-TLT has continued upward and broken above the MA 50. The…
Well, the Uranium patch sure is interesting. We have been noting for several weeks now the difference between Thing 1 (the price of Uranium Oxide) and Thing 2, the Uranium…
Commodities of all kinds have been degrading for months now, as we have noted all along. At some point there is going to be a counter trend bounce. A couple weeks ago we noted that the price of u3o8 was going one way (up) and the ETF (URA) the other (down). That has not changed.
It had been noted that I sold URG with some level of remorse. Well that impulse is responsible for my having bought back part of the position today before it got to the noted support around 1.50. That’s between URG and me.