3 Amigos of Inflation

While saving the Silver/Gold ratio charts of the previous post into a chart list called Key Macro Indicators, I saw this old chart sitting there and thought it a good time to dust it off and post it.

These are all items that should be positively correlated to an inflation trade, if applicable. As you can see there is no sign of a positive trend reversal in any of them yet. I’d continue to maintain that Silver/Gold would probably lead these items, with the possible exception of TIP/TLT.

What I actually dig about this chart is how much alike these 3 different Amigos are. So if one day they all turn together, the macro signals would be that much firmer, presumably with Silver/Gold out front clearing the path.


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