Why I left NatGas alone
Natural Gas futures down nearly 18% in one day The heading above tells why. I am just not wired for this kind of volatility. This could well be a buy…
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June 14, 2022
CME Group considers .75% in the bag
FOMC to raise the funds rate by .75% It's actually not big news as last week CME Group traders had crept up to 20% odds that the Fed was going…
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June 14, 2022
Key big picture support for Silver
The monthly chart of the silver price offers two alternatives Excerpted from NFTRH 709: Here is silver’s view using a monthly chart. To this point we have used a daily…
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June 14, 2022
NFTRH+; Retests in gold and silver
Of course they are re-testing during FOMC week. We had been looking for a short-term re-test of the May lows in the metals and miners and on Friday the miners…
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June 14, 2022
NFTRH+; Devil’s advocate on gold stocks
We dug up a reason to at least have a little healthy caution about gold (the gold price that is; I never worry about the actual metal and its value…
June 13, 2022
When a relatively ‘defensive’ sector is doing this…
...it's a market in trouble. This is a disgusting daily chart of the Healthcare sector ETF, XLV. Especially when you consider that the ratio of said defensive sector is firmly…
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June 13, 2022
NFTRH+; 30yr Treasury yield ‘Continuum’ status
Just a quick snapshot to update the Continuum's status. Please recall that we are looking for the yield to make a lower high to the 3.5% (actual: 3.45%) high of…
June 13, 2022
NFTRH+; Devil’s advocate on gold
I believe the macro is swinging to be positive for gold because things are falling apart left and right as the Fed is compelled by market forces to do what…
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June 13, 2022
Currencies (NFTRH 709 excerpt)
A brief look at currencies Excerpted from the June 12 edition of Notes From the Rabbit Hole: Currencies All hail Uncle Buck! Especially those who’ve been guiding their herds against…
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June 13, 2022
NFTRH 709, out now
And it's a good one. For "best of breed" top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates…
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June 12, 2022
A pivotal juncture for gold, gold stocks
Another hot CPI fails to suppress gold With FOMC on tap with an upcoming .5% rate hike, gold got hammered and bounced back with a vengeance on 'CPI' Friday. The…
June 10, 2022
Gold vs. ‘risk on’, cyclical markets
Gold is regaining its composure vs. cyclical markets It's a process, folks. An extended and annoying process. Our brains fire off in real time but the markets move over time…
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June 10, 2022
NFTRH+; post-CPI
CPI came. CPI laid another big inflated egg. CPI left. Costs and wages are still rising but real wages declined again. That is another way of saying Stagflation. Stagflation is…
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June 10, 2022
CPI approaches
The May CPI report hits the markets tomorrow No predictions, just a question. What do you suppose might happen if somehow CPI - backward looking indicator that it is -…
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June 9, 2022