NFTRH+; Precious Metals Status Snapshot

A few pictures as we prepare to close out another wild and woolly FOMC week. While other markets, like the Nasdaq especially, are in a precarious situation the gold miners are still on track despite the post-FOMC tremors. HUI/SPX ratio maintains its uptrend. Gold/SPX maintains a stance from which it could be making the next low, to continue its uptrend. HUI/Gold continues to be a-okay … Continue reading NFTRH+; Precious Metals Status Snapshot

It’s Not Just the U.S. Pulling Back From the Global Economy

China’s Politburo is not sitting idly by while Trump pushes them around. From the Nikkei Asian Review… Why China’s ‘dual circulation’ plan is bad news for everyone else Rebalancing in 2008 also relied on raising the contribution of domestic demand in China’s growth. It was coupled with the idea that driven by faster growth in domestic consumption, China’s long-standing current account surplus would give way … Continue reading It’s Not Just the U.S. Pulling Back From the Global Economy

fomc

Got to Love FOMC Week; Machines Gone Wild

It’s just another FOMC week, during which the machines always seem to be programmed for havoc. It’s lesson number 1,745,382 stating that whatever happens pre-FOMC is not real. It’s why, as applies to the precious metals we noted this in an update on Tuesday: “The precious metals obediently waited until FOMC week to start hinting that the consolidation was ending. I’d have actually preferred they … Continue reading Got to Love FOMC Week; Machines Gone Wild