alice

Gold & Silver CoT Worsen Yet Again

[edit] I am glad I write an in-depth financial market report every weekend because it forces me to do work that sometimes adds context to these quickie posts and in-week observations.  NFTRH 384’s precious metals segment just introduced a big hunk of context, and it ain’t bearish on the big picture.  It’s not pretty folks.  I don’t create ’em, I just reproduce ’em.  Large Specs … Continue reading Gold & Silver CoT Worsen Yet Again

alice

Gold & Yields; What Thing Looks Like the Other?

I was looking through some charts and when I saw the daily 30yr-5yr yield ratio it seemed familiar.  Hmmm… Oh yeah, that’s it!  It looked a lot like a GLD chart I had checked out earlier.  Here are the two Amigos for reference. It makes sense because gold is squarely a risk ‘off’ item now and the 30yr/5yr is antithetical to the risk ‘on’ stock … Continue reading Gold & Yields; What Thing Looks Like the Other?

alice

‘Inflation Trade’ Ready?

Here is a look at today’s economic data releases.  This follows on to yesterday’s big bump in Durable Goods (+4.9% correcting a previous -4.6%). The market is cheering the 1% GDP because after all, it beat the .7% estimate.  Okay, fine.  Here’s the 10 year GDP growth rate.  Inspiring, isn’t it?   And then we have the plucky consumer, with his rising income (+.3%, +.4%, … Continue reading ‘Inflation Trade’ Ready?

alice

S&P 500: Thing 2 Still on Thing 1’s Playbook

In subscriber updates we noted that the middle of the ‘W’ was at 1947.  That was the high that SPX would need to take out in order to keep the current bottom/bounce pattern on schedule for its best target of 2000 +/- (with the ‘+/-‘ the fudge that can get it up to the SMA 200, currently 2027 and slowly declining). We noted on Wednesday … Continue reading S&P 500: Thing 2 Still on Thing 1’s Playbook