Palladium Breaks the 200

Palladium is breaking above the 200 day moving average today and I think it means something… un-bearish. I have been as mentally whipsawed as the next guy trying to mesh all the potentially bearish signals with all the still-bullish ones. While the PALL/Gold ratio recovered a while ago (bullish) nominal PALL below its 200 day average was a potentially bearish, though minor, sign (the ratio … Continue reading Palladium Breaks the 200

10 & 30 Year Yields Up, Stock Market Up… Banks Down!

Okay, this has got my full attention now. While long-term interest rates do this… …and this… The nominal Bank index is still doing this… While the S&P 500 and most US and global stock markets are green today. Hence, BKX/SPX is doing this… So what, I ask you, are the pigs doing under performing for such an extended period while long-term Treasury yields have been … Continue reading 10 & 30 Year Yields Up, Stock Market Up… Banks Down!