Okay, by now you’ve guessed that I am not doing much of anything on New Year’s eve.* I mean who is out here posting financial stuff on a night of such revelry anyway, eh? Well, those of us who don’t now and never have in our lives ever reveled, that’s who. The ‘V’ just about doinked the second target today (plotted in #582 1.5 weeks … Continue reading In Keeping With the Season, da VEE Parties On… to Target #2!
Aside from the flip by one of the 2 Gold Bears (the other has already flipped) noted earlier, below are some headlines adorning the gold sites this week. The only missing ingredients are the DEATH OF THE DOLLAR headlines. Funny what a rising gold price does for peoples’ spirits. I am not bearish on the precious metals. In light of this anecdotal sentiment boost I … Continue reading 2020 Opens With a Gold Bug 180°
Let’s make no bones about it. The US dollar has been weak and degrading during the Q4 seasonal macro bounce party. Despite the ugliness the yellow shaded area (June low) on the index is the kill zone for Uncle Buck. It currently resides above it. With the SMA 50 about to cross below the SMA 200, the financial media about to trumpet a USD DEATH … Continue reading US Dollar and its Pairs
At the dawn of what is going to be a hyper-interesting year in the markets and in society, let’s see what the lovable and goofy Amigos have to say. As usual, we’ll use gold and silver daily charts and a copper daily along with a longer-term view with a weekly chart for the Economic Ph.D. metal. The charts are the metals futures (click ’em for … Continue reading 3 Metallic Amigos Ride Into 2020
There will be other factors to consider, like inflationary vs. deflationary for example. But a theme we have going is for a 2020 steepening of the yield curve with the late summer flattening to inversion having been the final !!! on the bull boom party. That’s not to say some things will not be bullish, but a steepening curve – whether under inflationary or deflationary … Continue reading Yield Curve Hits New 2019 Steepener Today
The Silver/Gold ratio (SLV/GLD) continues to reside above the daily chart moving averages (which are still trending down) after a breakout from the flag. So far it remains constructive for the various inflation/reflation trades out there, including commodities. Also, err… for the precious metals. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, … Continue reading Silver/Gold Ratio Still in Flag Breakout
#583 carries on 582’s theme as a more conversational, less rigidly to the usual format report, saying what it needs to say at the doorway to 2020. We then chart a ton of gold and silver miners, explorers and royalties along with a lot of regular stock charts as we wrap up Santa silly season. It’s not a time for games, as in casino plays, … Continue reading NFTRH 583 Out Now
As you probably know, I’ve occasionally posted and interpreted the gold Commitments of Traders data noting its high risk signals for months (most recently here). All the while the gold price declined around a hundred bucks an ounce. Normally at the end of a correction to the gold price the CoT would be nice and contrary bullish. Today, it is anything but as large speculative … Continue reading About That Gold CoT…
USD is a foil to the macro party. The US Tweeter-in-chief, global stocks (generally speaking), commodities and resources and during this holiday muted trading season, so too it seems the gold miners, are all taking an anti-USD stance. That stance is otherwise known as the global inflation/reflation trade. There are other dynamics involved, but a key element would be for a sputtering Uncle Buck. Currently … Continue reading Uncle Buck Failing
They say that Festivus is the “anti-Christmas”, but in this case we are going to call it the anti-Christmas Eve as the markets close out 2018’s Christmas Eve massacre. “Many Christmases ago I went to buy a doll for my son. I reached for the last one they had, but so did another man. As I rained blows upon him I realized there had to … Continue reading A Market Festivus
Merry Christmas, happy Hanukkah, happy New Year and happy all kinds of holidays you may be out there celebrating. Just try to stay out of those bad sweaters. Spread the cheer even more resoundingly than these folks! Thanks for hanging around for another fun filled year. See you soon. Continue reading Christmas Joy!
The Silver/Gold ratio – again assuming we’re not just playing Santa silly season here – is on message with the reflation/inflation/cyclical winds that appear to be blowing. FYI… Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to … Continue reading Silver/Gold Ratio on Message
There is precedent for an inflationary/reflationary episode to see rising gold, silver and miner prices right along with commodities, resources, stocks, etc.. It happened a lot during the 2003-2008 inflationary bull market. Gold is generally counter-cyclical and gold miners are counter-cyclical businesses, but that is not the bid they are getting right now. It’s apparently coming from the inflationists (which usually ends badly… but ‘from … Continue reading Wayne, Garth, Gold, Silver & Huey Party On
SPX would have us believe that it could actually do the rough opposite of what it did last year during the 2018 Christmas Eve massacre, when people were out doing last minute shopping, were out reveling, sipping or gulping cocktails, were out cutting each other off in traffic in a final frenzied display before peace and goodwill toward their fellow man temporarily settled in with … Continue reading T-Minus 1 Day to Christmas Eve & SPX Would Have Us Believe…