Canaries at Odds

This article calls junk bonds a canary in a coal mine. Analysts often view ructions in the high-yield, or “junk-bond,” market as a canary in the coal mine, or an early warning to when investors might start taking flight from riskier assets altogether. I obviously see bearish junk as a bearish confirmation for the markets, but it’s not a canary. Canaries are/were put in coal … Continue reading Canaries at Odds

NFTRH+; HUI Daily Chart Technicals

A simple chart showing HUI in lock down below former support, now resistance. It’s bouncing today but that means little until/unless Huey can take back 325 and hold above it. Meanwhile, if it holds below there and the correction resumes the pattern measures to around 280, which is close enough to the rising 200 day moving average to call that the target. Continue reading NFTRH+; HUI Daily Chart Technicals

2 Riders, 1 Multi-Market Correction…

…as it should be, folks. Textbook. The Gold/Silver ratio and US dollar, the 2 Riders of Apocalypse, are bringing a (thus far minor) day of judgement to the sinful and Godless speculators who’ve brazenly taken over US and global asset market casinos (after they could be heard audibly sucking their thumbs back in the spring). You know, I am not just using imagery and hyperbole. … Continue reading 2 Riders, 1 Multi-Market Correction…