NFTRH+; something to watch closely, esp. if stocks remain under pressure

Just a simple view of the Gold/SPX ratio as portrayed by GLD/SPY. You may recall that the ratio – a key macro fundamental consideration for a bullish gold stock view – was constructive in 2018-2019 before the pandemic launched it upward and got it all bent out of shape. That killed the relative case for gold for going on 2 years now. Of course, in … Continue reading NFTRH+; something to watch closely, esp. if stocks remain under pressure

2 Golden Indicators

Copper/Gold ratio and Gold/Silver ratio While Cu/Au continues to do its up/down whipsaw dance… Au/Ag is curiously weak while sometimes-companion USD goes the other way, bouncing hard to test its breakdown from the SMA 50. It is strange, however, that silver is well positive today, even breaking above its daily SMA 50, and yet the silver miners are negative and still sucking technical wind. But … Continue reading 2 Golden Indicators

NFTRH+; Here is what a breakdown looks like

I shorted the Medical Devices ETF in the Model Portfolio to pair along with one of its components, a long position in MDT, which is a premier albeit much less growth oriented company than many of the very richly valued components of the ETF (great stories like DXCM and ISRG come to mind, not to mention my own NARI, which is at my tolerance point). … Continue reading NFTRH+; Here is what a breakdown looks like

Speaking of Uncle Buck, he has a story to tell

What worked at the beginning of the inflationary phase will probably work in reverse at the end As USD pops today to test the breakdown from the SMA 50… I am by no means calling an end to the inflation trades yet (near/intermediate-term targets are higher), but I am telling you that the reputations being made (or in many cases re-made) among the ‘Commodity Super … Continue reading Speaking of Uncle Buck, he has a story to tell

NFTRH+; clarity on where the macro is headed, near/intermediate-term

With the 30yr yield breaking upward today (daily chart)… …let’s review the original theme (back in play after a little macro whipsaw), which was to build a right side shoulder on the 30yr yield ‘Continuum’ (monthly chart) and then evaluate the inflation trades if/as the shoulder resolves upward to the limiting moving averages. Option A: EMA 100 & 120 limiters hold once again as they … Continue reading NFTRH+; clarity on where the macro is headed, near/intermediate-term