There has been a lot of talk about how gold is not a good inflation hedge. Indeed, with the recent bounce in inflation expectations, this was shown to be true…
...it will only matter when it matters. Playing it straight, the speculative interests (big net long increase this week) are right as they always are while the current trend is…
I continue to like Thing 2 better than Thing 1 because a) the macro environment - as indicated by today's jobs report and other economic data/indicators - and b) this…
Referencing one of our main themes for the last half a year, the case for the gold sector is supported by the case for economic deceleration. It is not supported by inflation, as in the recent bounce in inflation expectations as the US dollar declined.
The gold sector often rises with inflation expectations as silver out performs gold and so do commodities. But the gold sector’s fundamentals are fed by counter-cyclical activity and today’s payrolls report was right in line with that. In the ‘pullback’ update on Wednesday we also noted that the ‘gold ratio’ macro indicators remained positive as well…
Well, a weak employment report will not do much for inflationists who believe strong jobs = rising wages = cost push inflation = smart money buys gold. What it will…
Semiconductor index leadership pointing down That is what the chart says folks, bearish. The SOX is bearish in its abdication of bullish leadership in 2015 (top panel) and it's weekly…