copper/gold ratio

The Copper/Gold Ratio Would Change the Macro

The Copper/Gold ratio is saying something. That something is that a cyclical, pro-inflation and thus pro-economic reflation metal shown earlier, remaining nominally positive on a down market day has, in relation to gold, taken out two important moving averages (daily SMA 50 & SMA 200) and is currently riding the short-term EMA 20 upward. RSI and MACD are positive. Copper: Pro-cyclical inflation, pro-reflation, pro-economy. Gold: … Continue reading The Copper/Gold Ratio Would Change the Macro

NFTRH+; 2 New ‘Resource’ Stocks

I don’t want to give away the commodity in the title because in the Lithium patch, ALB and SQM are probably among the first stocks people would think of if the word “Lithium” is mentioned. As I watch Tesla fly away to the over-valuated heavens I also watch a global move toward electric vehicles likely to continue unabated in the coming years. So maybe the … Continue reading NFTRH+; 2 New ‘Resource’ Stocks

coppertube

Doctor Copper: “Don’t Worry, This Will Fix You Right Up”

This is the good Doctor’s advice: “Take a look at this chart, rest easy and call me in the morning.” Now, is he a quack or a reputable macro physician? The chart is at yesterday’s close, but Doc is up another 1% today, so… For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market … Continue reading Doctor Copper: “Don’t Worry, This Will Fix You Right Up”

NFTRH+; World’s Most Important Chart, Up to the Minute

Okay yes, I am the same guy who once made fun of a headline touting “the most important chart in the world”. Sure, to someone’s ego at the time that was the case. For the rest of the world it was a snooze fest (so much so that I can’t even remember what the chart was). But yes, I do consider the Gold/SPX ratio to … Continue reading NFTRH+; World’s Most Important Chart, Up to the Minute

NFTRH; Priority Update on Precious Metals & US Stocks

Gold, silver and the miners are and have been in consolidation/correction. US stocks are and have been bullish but at high risk. Here’s the current technical situation using daily charts. Precious Metals Starting with HUI, here is the chart from NFTRH 624, as it was marked up then. Huey popped above the SMA 50, dropped below it, popped above it (so typical of this pogo … Continue reading NFTRH; Priority Update on Precious Metals & US Stocks