3 Metallic Amigos weigh in amid COVID-19 scare, post-Fed mini panic

Here are the daily and weekly futures charts of the Amigos, which were live as I saved them a few minutes ago. Click for larger, clearer views. Monetary Amigo with heavy relative counter-cyclical character The gold price took a wallop last week but all that served to do was give it a solid test of the 50 day moving average. Various other supports are shown, … Continue reading 3 Metallic Amigos weigh in amid COVID-19 scare, post-Fed mini panic

10yr/2yr Yield Spread Steepens to Highest Level Since the Boom

Here is the up close view of the spread, which continues to steepen since the summer mini-inversion. May be nothing, probably is something. And that something would mean changes for 2020, as per the ongoing NFTRH view. While a steepening curve can feature deflationary or inflationary pressure, the current situation is deflationary. The question being, will there be an unexpected shift to inflationary in 2020? … Continue reading 10yr/2yr Yield Spread Steepens to Highest Level Since the Boom