If the good Doctor does not do at the noted support level, it is going to die below it… or at least target 1.50/lb. Continue reading Doctor Copper Do-or-Die
Here is the chart shown the other day, with the S&P 500 diverging from its sustaining Adjusted Monetary Base (AMB). Bulls will proclaim that the economy and the stocks of companies that make up much of the economy are ready to go the organic route; the Fed has removed QE because it is no longer needed. When they do the same with ZIRP and reward … Continue reading More Monetary Base Perspective
The status for today’s ‘in a vacuum’ view is that risk is still ‘ON’ with yields rising (bonds dropping) and short-term yields rising more, meaning players are not seeking out liquidity. It’s stock favorable and gold unfavorable as it stands at the moment by this measure. Continue reading Yield Curve Today
A snapshot of current daily technicals…
GLD dropped below and shot back above support. Key objective: Get above 120 and make a higher high to October.