USD (DXY) continues to rise as a divergence to the inflation trades Fed-stoked casino patrons (including your local writer) have been inflation trading for much of 2021, and on CPI hysterics Wednesday we find James Bullard – as if on cue – out with the rate hike tough talk, inflation trades selling the news and Uncle Buck rampaging through our long-standing first target at the … Continue reading Uncle Buck is pissed
A quick snapshot of gold and silver, post-CPI. Okay then, it appears gold’s wearing its inflation suit. This morning team pom pom cannot complain about a nefarious smack down after the data. The key level for gold to take out and hold is and has been 1920. This morning it is poking through resistance. Silver remains in its constructive pattern looking up at thick resistance … Continue reading NFTRH+; Status of gold and silver (futures)
CPI inflation ramps up to no one’s surprise Here is the headline from the media (click for the article)… Here are the nuts and bolts from BLS (click for the report)… And here is a graphic… …and another, showing the primary culprit. And there you have it. We have inflationary effects compliments of the 2020 Federal Reserve panic. It’s the tax to be paid now … Continue reading In other news, CPI ramps
A few pictures and impressions, pre-CPI. It is possible that the HUI/SPX ratio double bottomed in early November. Of course, that could also have been said in April with a triple bottom that went on to fail. My personal view is that the broad stock market is over-valued, structurally over-bullish sentiment-wise and thus high risk, almost by definition. It will not take much to jerk … Continue reading NFTRH; Precious metals views beneath the surface
