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
Friday, September 23, 2011
GYX Industrial Metals are beautfully bearish
...and I still hold BOM against core gold stocks. There is a play here you know. We are shifting from an expiring inflationary economic expansion to the predictable contraction. Industrial metals like copper, nickel, etc. are dependent on expansion. Don't tell me "but... China". The 'China Trade' and thus, the commodity trade is over for a while. The measured objective for the GYX is below 350.