Gold’s New Bull Market… For a Night, at Least

Okay, easy now. This is supposed to be the place run by a level headed, if curmudgeonly sort who pretty much hates hype and all who put it forth. I checked Twitter and it was lit up like a Christmas tree about some barbarous relic that is ass launching in post-FOMC after-hours. Here’s the in-day chart, having broken above the bull/bear line of demarcation. Why … Continue reading Gold’s New Bull Market… For a Night, at Least

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NFTRH; Post-FOMC Status of Gold, Silver, Miners

Macro & Sector Fundamentals We have been tracking the real fundamentals for gold stocks and the two that were still in question are gold’s ratios vs. stock markets and the yield curve. Gold vs. stocks is generally constructive but has not yet definitively taken the torch and run with it. The yield curve has been grinding a modest uptrend in 2019 but pulling back lately, … Continue reading NFTRH; Post-FOMC Status of Gold, Silver, Miners

Yield Spread Launches on FOMC

Aye aye aye, the yield curve liked (or didn’t like, depending on how you view it) something that went on today after 2:00 US Eastern time. Ref. the earlier post showing the spread pulling back within a labored uptrend. Well, if this is right (and not a data glitch) it’s ‘pullback over’. Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly … Continue reading Yield Spread Launches on FOMC

FOMC Statement Decoded [w/ edit]

[edit] Here’s the chief’s live press conference. In other words… If market signals do not turn around rapidly we’ll be cutting the funds rate in July under cover of vacation season and a slow news cycle. But today we choose not to look like lackies to some Tweet-o-holic influence peddler. Information received since the Federal Open Market Committee met in May indicates that the labor … Continue reading FOMC Statement Decoded [w/ edit]

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NFTRH+; The Most Boring Co. in the World Grinding a Trend Change

It’s good old Campbell’s Soup. You grew up with it. I grew up with it. It has headlines like a divestiture of Bolthouse Farms and an entry into the meatless market. But come on, for better or worse it’s Campbell’s Soup. I am using large charts here so click them for the clear view. The stock is on a new intermediate uptrend with the SMA … Continue reading NFTRH+; The Most Boring Co. in the World Grinding a Trend Change

Updating the Yield Spread (simple post morphs into a full frontal screed)

Here is the 10/2 as presented live here. The spread is pulling back very recently but maintains a modest uptrend (steepening) for 2019. Here is the 5 year view showing a break of the hard flattening trend since 2016. On the very long-term view we can see that a bottom and turn to steepening has not always meant Armageddon. It did not mean that in … Continue reading Updating the Yield Spread (simple post morphs into a full frontal screed)