HUI and GDX have joined GDXJ in making lower lows to the early November low. That was a moderate negative, technically. But as you can see, HUI is getting oversold by RSI and is thus a candidate to bounce. A tailwind to a bounce could be in the form of long-term yields, which have been dropping amid concerns about our new friend Omicron and this … Continue reading NFTRH+; Regarding gold stocks
The yield curve is flattening I don’t cheer-lead a given view, but if I were to do that I’d be cheering for a yield curve flattener to put a correction to inflationist dogmatists quoting von Mises to the herds and otherwise sloganeering about inflation and a “commodity super cycle” (that term is pure promo). Well, the curve is flattening. Which means one of three things. … Continue reading Yield Curve is not currently an inflationist’s friend
November Payrolls +230,000 vs. 573,000 estimate Of course, it’s all about the Fed, eh? With a side order of Omicron. Click the graphic below, get the report from BLS that is a ‘disappointment’ vs. estimates. In a policy-driven market bad news is good news, down is up and it’s all normal in the rabbit hole. Here is the industry breakdown with an interesting views of … Continue reading Payrolls +230k, a ‘disappointment’
