Gary Tanashian

Now nothing… because a target is just a target. We have been here before; those of us who have been around the precious metals markets throughout the current, ongoing secular bull. We have been through the extended periods of questioning by ‘the faithful’ as to why the ancient monetary relic does not keep up with … Continue reading

NFTRH84 stated that ZSL was bought on Friday’s upside in silver to ‘oversee’ silver stocks FR.to and XYZ.to (not its real symbol, obviously), the latter of which was added to last week. For its part, FR was held despite messing with the breakout (neck) line. So, I guess ZSL did its job in losing me … Continue reading

Here is an NFTRH chart that was used to support a bullish stance in gold vs. all the paper garbage many weeks ago when there still seemed to be some doubt as to whether the monetary metal was going to assert itself sooner rather than later. Gold in Aussie, Canada and Yen are joining the … Continue reading

Big picture look at the greenback….

My usual TTC is the $GOLD:$SPX ratio, which will not update until after hours. So here is a look at surrogate GLD-SPY. Is this a picture of impatient, momo following, non-perspective-having dumb money getting played yet again? All the while, gold has been in consolidation of the unsustainable upside it experienced in ratio to everything … Continue reading

As for nominal market charts, little is resolved by today’s expression of relief. Once again the bear case for the broad markets finds itself on a thin line. If silver breaks upward in ratio to gold (SLV-GLD shown here) then PM stocks should rebound strongly yes, but so too will the bull case likely remain … Continue reading

The bullish structure is degrading and the open interest is increasing but I don’t think the price of gold cares just yet. Next upside target remains open. But still, CoT is just one of many tools and indicators to keep an eye on and it is not great looking. http://biiwii.blogspot.com/2010/05/gold-cot.html

From my blog at http://biiwii.blogspot.com……

Weekly GSR maintains potential for bottom-making, although hope and greed have persisted and thus, GSR has remained painfully in a consolidation/bottoming structure…

USD is seemingly okay, on its way to higher levels. But the daily MACD has diverged bearishly and has taken the form of a head & shoulders. A drop below MACD zero would activate the potential to end the rally and re-test the lows. The dollar and euro are doing the dance of confidence, which … Continue reading

PHYS was added last week as a way to tag the NFTRH speculative account to actual gold as opposed to what may be going on over at GLD. If it worked out as a trade, hey great. Or it could be held longer term. The point was that I felt its management (Sprott) was of … Continue reading

I look at gold vs. general (positively correlated) industrial metals quite a bit, but in listening to the Bob Hoye interview here, I got the prompt to check out copper-gold (CGR)….