In Keeping With the Season, da VEE Parties On… to Target #2!

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!

3 Metallic Amigos Ride Into 2020

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

Yield Curve Hits New 2019 Steepener Today

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

Silver/Gold Ratio Still in Flag Breakout

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

About That Gold CoT…

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…

Uncle Buck Failing

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

Silver/Gold Ratio on Message

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

Wayne, Garth, Gold, Silver & Huey Party On

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

T-Minus 1 Day to Christmas Eve & SPX Would Have Us Believe…

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…