Yield Decline to Persist?

Public sentiment, so well tended to the bond-bearish side of the boat by the media and its experts, is not yet fixed (i.e. not yet over bullish or even bullish)…

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Industrial Metals Continue to Drop vs. Gold

Hey, it's just a beneath the surface indicator of a cyclical item breaking down vs. a counter-cyclical one. Nothing that hasn't already happened in 2018. But it is nonetheless notable,…

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Precious Metals Summer Potential

On June 26 we provided an antidote to some media hysterics about a "Death Cross" in gold. On that same day we had an NFTRH update (still password protected, but…

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The Relief in TRXC

I committed to hold it as an investor (within reason), after buying at what is still a much lower level. I made a few posts talking about the ridiculous momentum-fueled…

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Palladium Suspect & Platinum… Boink!

From NFTRH 506: Cyclical Palladium is still in breakdown mode. Not good for macro bulls if this persists. Platinum still appears headed for the test of the 2016 low, which…

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NFTRH 506 Out Now

NFTRH 506 was finished up, sent to subscribers and archived earlier today. A very helpful report to its writer, especially in honing the gold/precious metals view. But that view is…

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Currencies: Big Picture

USD index found long-term lateral support as did its pairings with the usual suspects. We noted this support months ago and there is nothing surprising here. But Uncle Buck has…

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European STOXX 50 in Some Trouble

This monthly chart of the Euro STOXX 50 failed to make a higher high in 2017 and has held below trend lines from 2000 and 2007; two very important global…

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Gold Miners/Copper Miners Ratio Is Interesting

The GDX/COPX ratio has broken above the 50 & 200 day moving averages and is still going, despite gold's ignominious state at the moment. Here's what gold (GLD) looks like…

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“Mark It On Your Calendars”

Just a note from your friendly Macro Tourist that June 30th is another big QT bond maturity day. Kevin Muir recounts the implications here... Mark It On Your Calendars Subscribe…

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Market Comments & Sectors vs. SPY

While the S&P 500 is still technically holding its uptrend from the April 2nd low, the VIX is sporting a bullish look. That backed me off a bit as I…

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