An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Tuesday, August 23, 2011
Gold stock reminder...
Gold miners (lower panel) are not bearish... In fact, the H&S that gold bears have been fantasizing about has been pretty well negated in favor of the 'Handle' consolidation that NFTRH has been tracking all along. A consolidation is very different from a top, eh? The top panel gives the fundamental reasoning and if you do not understand that, get on it. Don't obsess on the nominal price of gold. It only causes greed and fear to get stoked.