Day: July 14, 2021

Inflation & Deflation, Market Indicators

Copper/Gold ratio dwells at the decision point

The copper/gold ratio continues to be stalled where it was supposed to stall The global economic reflation instigated by balls out inflation (steroidal money printing and subsequent cost pushing) halted at a logical caution area as indicated by the Copper/Gold ratio. This not surprisingly came as the 30yr yield, which had risen under the pressure of the determined inflation operation, formed its right side shoulder. … Continue reading Copper/Gold ratio dwells at the decision point

Gary
NFTRH Interim Updates, NFTRH+

NFTRH+; Updating Gold’s inverted H&S option

On July 8th we introduced an alternative (to the bearish S/T view) option for gold that involved a potential inverted Head & Shoulders pattern. Let’s update. First, a daily chart shows the metal having broken out of its downtrend channel for a second time after first breaking out and then failing. Gold is at a key point now below the converged SMA 50 and SMA … Continue reading NFTRH+; Updating Gold’s inverted H&S option

Gary
Lumber

Epic crash in Lumber still in progress

Lumber drops through support, tests it and fails I suppose it is the very picture of pent up economic reopening demand followed by the inevitable slack in that rope. One valid question is what other items did similar things but have not hit their slack periods? That was clear lateral support at 815 and Lumber took it out, turned it to resistance, bounced to test … Continue reading Epic crash in Lumber still in progress

Gary