While the interest rate backdrop swings favorable, other gold indicators are not yet While real yields are negative (positive for gold) and credit spreads are weakening (positive for gold) the…
Disinflation was led dutifully by the TSX-V/TSX ratio Back on June 21 we noted that the TSX-V/TSX ratio was negatively diverging inflation expectations. That is the ratio of Canada's speculative…
Since a micro version of the right backdrop for gold and the miners that would leverage that backdrop is in play now it is time to review our (well, my)…
The copper price remains below the SMA 50 and resistance Once the star of the inflationary global reflation trades, copper topped out 2 months ago and has made a more…
Treasury yields are dropping, commodities and reflation markets are dropping and broad stocks are wavering (I don't buy the burst to new highs in big Tech as sustainable, but more…