NFTRH+; another indicator to the inflation trades

With respect to the previous update, let’s also take a look at the Silver/Gold ratio (SGR) which, as a “metallic credit spread” along with its opposite twin, the Gold/Silver ratio, can indicate market liquidity and by extension, a positive environment for the various commodity focused inflation trades when rising. SGR is attempting to form a low here within its downtrend. It’s no great shakes, but… … Continue reading NFTRH+; another indicator to the inflation trades

NFTRH+; updating the risk ‘on’ speculative & ‘inflation trade’ environment

Junk bonds (HYG) have held above the 50 day average, indicating that risk is still ‘on’. Junk/Investment Grade (LQD) has recovered strongly and is flipping positive as well. Junk/Treasury (20+ & 7-10yr) is also recovering. The above are not signs of an impending bear market or even a major correction in process. Moving to the more inflation-sensitive end of the speculative macro the TSX-V (CDNX) … Continue reading NFTRH+; updating the risk ‘on’ speculative & ‘inflation trade’ environment

The picture brightens, as if on cue…

Ref. yesterday’s post with the oh so pensive trader with a southward pointing chart over his shoulder. Today it is a brighter picture as two calm gentlemen go about their business as usual. Again, you can click the graphic if you want to see CNBC’s breakdown of this morning’s events. I see Cramer is on the right side of the contrarian setup this morning, unless … Continue reading The picture brightens, as if on cue…