Day: March 12, 2020

Stock Market, US

The latest SPX ‘unfinished business?’ chart (and a personal note)

Since Q4 2019 I almost put myself to sleep with the monthly SPX ‘unfinished business’ chart showing future downside objectives, let alone those I made look at it every week in NFTRH reports. That is because the psychology is different when you are simply making a projection out ahead while assigning no actual time frame for it, which I did not other than sometime in … Continue reading The latest SPX ‘unfinished business?’ chart (and a personal note)

Gary
Inflation & Deflation, Interest Rates, Market Indicators

Yield Spread continues to grind toward steeping

At this time it is obviously a deflationary steepening. If this continues the boom as we knew it will be over. I say “as we knew it” because if it later steepens due to inflationary pressures the boom will likely shift from that which had benefited from the flattening to that which didn’t. Right now, if it were a stock chart we’d call it something … Continue reading Yield Spread continues to grind toward steeping

Gary
Gold, Market Indicators

Gold is Tanking!!

Side note disclaimer: I covered shorts in gold this morning. I think it could go lower nominally, but I don’t care. Anyway, on with the post with a tongue planted firmly in its cheek… Gold is tanking! Gold is tanking! Gold is tanking! Gold is tanking! Gold is tanking! (well, a little anyway) Gold is tanking! (even more than a little and the deflation scare … Continue reading Gold is Tanking!!

Gary
Stock Market

Just excellent, they turned off the market again…

[edit] Okay, they turned it back on and I got my fill. But I’ll post anyway because I love this shtick… Before I could even begin buying they shut the effing thing down and the bids are way up, at least on the things I was looking to buy. Mixing excellent old TeeVee shows, we are in the Twilight Zone and… There is nothing wrong … Continue reading Just excellent, they turned off the market again…

Gary
Commodities, Market Indicators, Precious Metals

3 Metallic Amigos give their signals (Amigo #3: “Ruh Roh!”)

This is not just another ‘Amigos’ update, as you will see near the end of the post. As usual, we’ll go with daily charts on the gold price futures, silver futures and copper futures with a weekly chart added for Doctor Copper because that has really been the view we’ve been interested in for the cyclical Amigo. Amigo #1 (Gold): Counter-cyclical character & risk off … Continue reading 3 Metallic Amigos give their signals (Amigo #3: “Ruh Roh!”)

Gary