Palladium/Gold Ratio on Verge of a Warning

You have your Elliott Wave twittlers and regular TA pattern gazers out there falling all over themselves to tell us whether the top-test in the stock market will be bullish or bearish. They and their nominal charts are guiding bullish and bearish depending on the views they are transfixed with. But that is where TA is… not a black art, that sounds too complimentary; that … Continue reading Palladium/Gold Ratio on Verge of a Warning

All Aboard the Top-Test Express

Yesterday we noted that an MSM… Headline Screams Bullish! Today we noted that an MSM headline indicates Gartman is still the King of Kontrary Indicators and is massively bullish now… Gartman vs. the MSM; the Winner and Still Champion Thing 1: Bullish Thing 2: Bearish In the last few days I have read the right-minded Macro Tourist lay out reasons that the bears may be … Continue reading All Aboard the Top-Test Express

Gartman vs. the MSM; the Winner and Still Champion…

On the one hand well, it’s Gartman and he is chasing the stock market to a rampaging bullish stance. On the other hand it is the mainstream financial media and they are for once calling this mega contrary indicator for what he is. Dennis Gartman: An ‘exaggerated’ and ‘stunning’ rally could be on the way So what outweighs what here? The MSM’s penchant for being … Continue reading Gartman vs. the MSM; the Winner and Still Champion…

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Gold/Silver Ratio: Rising for a Month Now

Well, look who is sporting a bullish looking pattern on its daily chart. As you can see, a rising Gold/Silver ratio (GSR) attended the stock market disturbances in February and March and a declining GSR has attended the relief, i.e. the expected ‘top-test’ by the S&P 500 that has ground on since roughly the same time that GSR topped in late March. The GSR has … Continue reading Gold/Silver Ratio: Rising for a Month Now

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NFTRH; Reading Into the Moves in Gold, Commodities and USD (High Priority)

Consider this update something of a sketch book of possibilities by one market watcher sorting through his thoughts. Gold did not hold its December 2017 low of 1238. Next in line as support is its July 2017 low of 1204. Considering the seasonal pattern that bottoms in July and what now must be pervasively bleak gold bug sentiment, I just cannot feel bearish. The best … Continue reading NFTRH; Reading Into the Moves in Gold, Commodities and USD (High Priority)