Following is a reprint of the latest free eLetter that you can sign up for as an introduction to Notes From the Rabbit Hole (NFTRH), our more in-depth market management service.
Big Picture Gold Sector Update
On shorter time frames the gold sector has been viewed as being on an ‘anti-USD’ inflation bounce. This bounce scenario in gold stocks and commodities took a hit last week with the US dollar’s strong bounce.
In NFTRH we are managing things on both short and long time frames, with the short-term currently tied to movements in the USD. On the long-term however, things appear to be setting up for the next big macro play. The following charts are used for big picture updates to give perspective to the shorter-term work we do each week in NFTRH.
Gold Sector Update (Big Picture) (more…)