While many are talking about major new bull markets in gold, silver and the miners I find it safer to set realistic goals within a still very bullish outlook. After all, we became bullish in November, had to retrench due to over-bullish sentiment and fading fundamentals in February (both situations linked here) and then have been back in the bull seat since the gold stock … Continue reading Precious Metals Big Picture, as Silver Gets on its Horse
We are now into H2 2019. It’s amazing how time flies. The Semi industry has been targeting H2 2019 for a bottom and/or upturn, and here we are. For reference, linked here is Walt Custer, an industry analyst posted at SEMI projecting that “key global electronic industry monthly time series appear to have reached their 3/12 bottoms and now have begun to improve”. As World … Continue reading NFTRH; One Sector of Interest and its Implication for Another
Time for the smoking jacket and ascot wearing, pipe smoking, cognac drinking men in their well appointed cherry wood offices (AKA the mature gentlemen known as Dow Theorists) to take note. So says this divergence by the Dow Transports to the DJIA, anyway. Personally, I think it’s an indicator as old fashioned as the dignified men (Playboy magazines tucked away in the bottom drawer between … Continue reading Debonair Men in Well Appointed Offices, at Attention!
The Baltic Dry Index of global shipping costs has been on a tear. Where once it had been getting a lot of cross-talk due to the trade war, my view is that now it should have settled and BDI would be presenting a more accurate view of global shipping costs and by extension demand for goods, including or even especially commodities. Here is the NFTRH … Continue reading Another Moonshot… BDI (and its Relationship to Gold)