Below are two ETFs based on non-U.S. markets which illustrate the conflict between, on the one hand, the well-formed bullish base that emerging markets have established:
Emerging Conflict
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Strained Levels
The trading week we just went through resolved nothing. The steady drip, drip, drip higher that’s been in place since Christmas (yes, Christmas) continues unabated. Just look at this chart of the Dow Composite:
Gold Bullhorns Quieted for a Day, at Least
Over in the gold patch things went from disinterested and downright antagonistic (A Notable Lack of Interest in Gold) to sleepy (Gold “Community” Crickets) to ferociously over bullish. Check.
Any long-time and right minded gold bug will tell you that the latter condition is usually a signal to prepare for some turbulence.Wednesday and Thursday brought the turbulence in the form of a reversal and pullback for gold, silver and the miners.
Since we became constructive on the gold sector in Q4 2018 (per the links above and especially NFTRH reports/updates) the groundswell of gold boosting (pom poms and all) has steadily risen since it became obvious that something bullish was going on in January. And it appears that last week’s breakout from various daily chart bull flags in gold, silver and the miners finally jerked ’em all in. Enter the Thursday pullback. (more…)
Friday Manhattan
Miners Power Higher
Precious metals fans have been having a great run of it since August of last year. Resistance levels keep falling away, and if central bankers are heading for the disaster that ultimately seems inevitable, gold and silver miners seem well-positioned to thrive. Here are a couple of ETFs that are leveraged for such a mover higher.
