Gold futures are up and silver futures are up bigger. So the Silver/Gold ratio is still playing ball tonight by keeping its bounce going. But nominal silver has work to do as well. It is on its horse and needs to keep riding. At 9:50 US Eastern time it was right on the magic 14 (monthly) resistance line. Here’s the daily chart. Silver weekly chart, … Continue reading Silver is at an absolutely critical juncture right now
[edit] Ha ha ha, a subscriber chimes in that in following my advice (and not my trades) he’s up 20% in 2020. Perfect! I made sure I took enough of 2019’s and early 2020’s profits in order to be able to withstand my dogged hold of a few remaining items, which I have been slooowly adding to. Mind you, Mark at IKN is a friend … Continue reading Clarification on a friend’s recommendation [w/ edit]
The silver price and gold price are both up big today in response to the Fed’s QE announcement. Obviously the sector is doing well today. But for the wider macro, in need of inflation/reflation on steroids, something else is really really REALLY important. The silver/gold ratio stopped crashing last week and gave an inkling as we noted in NFTRH 595. Today it is still just … Continue reading Silver and Gold up, but Silver/Gold is key
This is a no man’s land if I’ve ever seen one. SPX is dwelling there below the 38% retrace level and above the 50%. It has finally ticked the 2100s today. I can almost hear it saying “okay, thanks for the Fed QE panic, now you effing doofuses on both sides of the political aisle… what’re you gonna do for me???” Subscribe to NFTRH Premium … Continue reading SPX ticks to 2100s: monthly ‘unfinished downside business’ chart
While we await the final details of the fiscal policy panic from government, the Fed announced unlimited QE in its monetary policy panic. I am not using the words “panic” and “manipulation” lately in the usual negative or dismissive sense. They have to do this, sadly. We see on full display and in real time how a debt-based Keynesian system operates after it has decades … Continue reading QE up, Yield Curve down
