It's all about confidence, right? Right. In 2011, when the commodity and 'inflation' trades blew out, the Federal Reserve was completely discredited, with gold bugs out front poking them in…
Another solid report this week. I know that because it helped me out yet again in trying to understand all the components in play across markets; all the tops spinning…
One would think that this improved yesterday as gold and silver got hammered badly. But as of Tuesday, the CoT data were still gathering quite bearish (for short-term reaction) against…
You see, Things 1, 2 & 3 below always were going to matter to the over bullish sector sooner or just a little later. It was sooner. I feel NFTRH…
Sorry, I couldn't resist the headline. D for Dragon. The Templeton Dragon fund, my preferred actively managed way to be long China/Asia, is declining within the would-be Handle of the…
Well, that was a heck of a post-FOMC reaction. As if the slightly redone wording actually said anything more than 'we may raise interest rates by mid-year and then again,…
The other day pre-open, we noted that the market was at a decision point. Well, it seems to have decided and it's not pretty. That's a gross looking pattern on…
A snapshot of current daily technicals…
Precious Metals
GLD continues to rise toward the measured target around 128, where it would be over bought. Support is 117 to 119.
[edit] It's a little promo-ish, but I did not solicit it and the whole back and forth is important IMO in delineating the boundaries between b/s and rationality... Gary -…
In NFTRH 327 we noted that the markets were at a decision point, sitting in a neural zone for the short-term. An example of this neutrality being the S&P 500,…
Excerpted from this week's Notes From the Rabbit Hole (NFTRH 327), a 35 page report covering economic data and indicators, US and global stock markets, commodities and clear technical and…
The 'top down' macro work continues and frankly, I am too fried to try to detail what a good report I think #327 is. But it is high quality stuff…
Stock Markets The US market is now just about at the limits of a 'bounce' vs. 'bull continuation'. Using SPY as an example. Junk bonds, while still in a downtrend,…
Yesterday we updated the hit to the miners and that update still looks valid. It looks like the reaction is just that, a reaction. But also note that the miners…