The Gold/Silver ratio has been spiking upward while the US dollar (UUP shown in the bottom panel) has been pulling back. In that respect this week’s proceedings are different than Q4 2008, when the 2 riders brought deflationary destruction to this land and to distant shores. Johnny Yen is trying to play Uncle Buck’s role right now but it has not proven anything definitive in … Continue reading Only 1 Horseman Currently Riding
The bond market has been calling (Oh Jerome?) and while they will pretend they are operating business as usual, the Fed is listening. So too are the futures wise guys at CME Group. They see a 100% chance of a rate cut in March (18th if not sooner with a surprise) with a 27% chance it will be by .5% from the current 150-175. Subscribe … Continue reading 100% Rate Cut Probability
This week’s events have even started to budge this holdout into action with a little blip toward re-steepening. I’ve been wondering if the 10yr/2yr yield curve (source) would start to get in gear before or after another dip to inversion. It’s not conclusive, but there appears to be the beginning of some steepening pressure in play as the markets continue under pressure. A steepening yield … Continue reading Yield Curve Steepening Blip
Housekeeping note: If you are at all interested in what one casino patron is seeing as events unfold – assuming I am watching the market, which is not always – keep an eye on my Twitter handle @NFTRHgt for heads up on new notes in the Trade Log & In-Day Notes page. Yesterday I got pretty ‘talky’ there and even included a few charts. It … Continue reading NFTRH; Then (Q4 2008) vs. Now
To whomever it may concern, it looks like the Canada Dollar index may be slipping its moorings. 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 date with actionable public content at NFTRH.com by using the email … Continue reading Loonie Tunes
[edit] I’m actually enjoying dropping charts in there as needed too. So please consider this an auxiliary update source for when the markets get woogly. :-) In dynamic markets what I don’t want to do is increase your noise level if you don’t want that. So we had an email in pre-market about SPX and one during market ours about GDX. That’s all you’ll hear … Continue reading Attn NFTRH Subscribers: In Dynamics Markets… See Trade Log Notes
Rather than send too many emails, I sometimes use the Trade Log notes as a place to just get some stuff down on paper for myself and subscribers to consider. This was just dropped in there. I’ll drop a tweet (@NFTRHgt) when the Trade Log gets ‘talky’ enough, like today. 2.27.20 Notes: The email updating process is laborious, and I do feel that by pinging … Continue reading NFTRH; GDX 30 min. & Daily Charts [w/ edit]
Bond market calling… For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed interim market updates and NFTRH+ dynamic updates and chart/trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt. Testimonials Continue reading Oh Jerome?
From yesterday morning’s update… “So who’s driving the bus, SPX or DJIA? I don’t have that answer, but until the herds stop stampeding we would do well to respect what is in play right now, which is downside momentum. The Dow sure does look like it’s a good support level and yet SPX does not. Again, who will drive the bus?” The US stock market … Continue reading NFTRH; SPX is Driving the Bus
Well, it turns out that NFTRH was timely in resurrecting this indicator to highlight the divergence in equal weight SPX to headline SPX back on February 9th in NFTRH 589. Here’s a screenshot of how this indicator was reintroduced for subscribers’ review (with the understanding that no single indicator is the secret sauce in and of itself, I make the distinction that the indicator knew … Continue reading Turns Out SPX Equal Weight vs. Headline Knew the Correction Was Coming
NFTRH 591’s Opening Notes segment detailed an intact but at risk stock market and a bullish gold miner view, concluding with this… “The nearer-term pictures will likely include a lot of volatility violence in both broad stocks and the miners.” “Volatility violence” has shown up on cue. It is rattling and it brings opportunity. Personally, the opportunity it has brought me this week was to … Continue reading NFTRH; Gold, Silver, HUI & US Stock Market
First I went to a gold website and saw the bullish gold articles, highlighted by one of the 2 (former) Gold Bears (both having been flipped bullish again by the subsequent rising gold price) touting gold’s parabolic upside just before 2 o’clock Charlie showed up to reverse gold and the precious metals. The article noted a massive “complex inverse head and shoulders” * in gold … Continue reading I made a mistake… now I can’t undo it
Some gold (GLD) ratios for you macro indicator dorks like me… Gold vs. SPY, despite yesterday’s dive bomb… Gold vs. Global (ex-US) Gold vs. Commodities Of interest to gold miners, Gold vs. Oil Gold vs. Industrial Metals And finally, last but never least Gold vs. Silver, looking rather sedate compared to the above. But it’s exerting enough pressure I guess to stop the miners for … Continue reading Gold vs…
I went out in the afternoon with gold screaming upward on COVID-19 hysteria. I see something like that and I mentally prepare for the “volatility violence” we talked about in last weekend’s edition of NFTRH (#591). Maybe some of you old hats like me remember the last bull market, from 2001 to 2008. Yes, of course you do. Massive “attacks” on gold were routine, and … Continue reading It Was a Dive Bombing, Not a Carpet Bombing
