Gold and Silver CoT Reports

With what little bounce activity gold and silver had experienced by Tuesday (CoT cut off date), the data show a jump in large speculators’ active bearishness and commercial entities longing and shorting gold.  The Spec’s activity at least is productive. In silver the large spec’s were net shorting last week with commercials getting less long. All in all fairly meh reports on top of last … Continue reading Gold and Silver CoT Reports

NFTRH; Junk-Quality Credit Spreads

Junk bond fund HYG is breaking below the 50 and 200 day moving averages. HYG in relation to long-term Treasury bonds never did break above the moving averages and you will recall by our ongoing weekly charts in NFTRH, has remained a bearish divergence to the US stock market. Junk bonds in relation to Investment Grade bonds is doing something similar on both the weekly … Continue reading NFTRH; Junk-Quality Credit Spreads

NFTRH; Participation Indexes Making Signals Again

Folks, no one indicator works as a stand-alone.  In trying to gauge what is in store for markets we have got to go with probabilities and to build a case for a certain probability we need data points. We have been noting that market sentiment is back to briskly over bullish, just as it was prior to the October mini correction.  Now we can add … Continue reading NFTRH; Participation Indexes Making Signals Again