I increased my WPM position today with funds from a partial sale of MAIFF, in large part due to the fact that the chart keeps getting better, on all time frames. Daily has broken the pattern neckline, but still has resistance to overcome as it gets a bit overbought. Barring an in-day disaster it will close the week in trend line breakout mode. True, I … Continue reading NFTRH+; A nice PM stock chart on all time frames
I am trying not to be an indiscriminate buyer. I added the shares of WDOFF back that I’d previously sold and bought and increased FNV. But I am still thinking about GDX below 31 for a minimum correction. Could be wrong, but they don’t give us the answers ahead of time. I also put in bids significantly lower at major support in GTBAF and MAIFF. … Continue reading NFTRH+; A Setup on a Premier Precious Metals Royalty
When I bought (per the NFTRH Trade Log and weekly reports) this so many months ago I knew it was at a technical buy point and more generally, that I wanted to own it as a solid precious metals royalty play. But I did not know we’d be staring at the the 2016 high this soon. While WPM could go a little higher to create … Continue reading WPM: Profit Reluctantly but Gratefully Taken
I think I over compensate against my personal dislike of the gold sector’s various perma marketeers and promoters, not posting as much publicly about the sector as I do about US stocks, Treasury bonds/yields and maybe even global stocks and commodities. But probably the most important and detailed segment in NFTRH has been the Precious Metals segment since we began getting constructive on the macro … Continue reading Meanwhile, Over in the Gold Mining Patch
Sending to the entire list, since this update works as a gold sector update as well. Wheaton Precious Metals (WPM), the former Silver Wheaton has been holding up better than much of the sector in part, I assume, because when things were positive it was not participating on the upside. Hence the long basing pattern as noted in the title. A longer-term view shows the … Continue reading NFTRH+; Precious Metals Streamer in a Long Basing Pattern
