NFTRH+; inflation signals

These pictures paint the taper-talking Fed as behind the curve, literally and figuratively.

Yield Curve: steepening

Long-term Treasury yields: rising

Inflation expectations: rising

rinf

Broad Commodity complex: rising (mainly driven by oil & gas)

The holdouts are the Silver/Gold ratio…

…and the TSX-V index.

If/when those two join in we may have a trigger to a more widespread and obvious inflation trade.