NFTRH+; A Couple Very Important Inter-Market Views

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 for the gold miners’ investment case at best, and negative for cyclical and risk-on markets at worst. As for that second option, I think that the Gold/Silver ratio (GSR) will have a lot to say in the matter. It has … Continue reading NFTRH+; A Couple Very Important Inter-Market Views

NFTRH+; Gold Miners In-day View

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 the case as they have pulled back. From that update: The gold stock sector remains in corrective consolidation, despite the big bounce today. Overbought readings have been worked off and it could break out of consolidation from here or it … Continue reading NFTRH+; Gold Miners In-day View

NFTRH+; A Setup in this ‘Ag’ Commodity

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 it at the 200 day moving average but instead, chased the pop this morning. That is fine since it is not a large position and it’s part of a portfolio, not a stand alone trade. Preamble aside, the preferred buy … Continue reading NFTRH+; A Setup in this ‘Ag’ Commodity

Yield Curve is on Schedule

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 the… …reared its ugly head the August 2019 inversion and more importantly the subsequent steepening had begun to forecast economic problems to come. Now, would the steepener be under pains of inflation or deflation? Ah yes, a simple black or … Continue reading Yield Curve is on Schedule