Day: September 10, 2020 | Notes From the Rabbit Hole

Was, Not Was… Wrong on the Euro

Well, a little patience goes a long way. I declared my wrongness for all to see because I like to do that. It reassures me

The Gold/SPX ratio continues to look good today. The implication of a successful hold and upturn from the 200 day moving average would be positive

In yesterday’s update we noted that the HUI index and the ETFs were still in corrective consolidation. After a gap up this morning, that remains

I just saw this yesterday after the markets closed. Of course today it is bouncing from support (and preferred buy level). I’d have rather bought

Here once again is one of those pleasurable moments where I advertise to you in big bright blinking lights that I was wrong about something.

The 10yr/2yr yield curve put in its flattening cycle low over a year ago and has been on a grinding steepener ever since. Long before