NFTRH 787
Notes From the Rabbit Hole, #787 Summary US Stock Market (2 weeks ago): Seasonal remains positive. Trends are up. Gaps are below. Given the sentiment note below, risk to this…
November Payrolls rise a bit more than expected (+199k vs. +190k) Here is the report from BLS (click graphic). "Job gains occurred in healthcare and government." Why of course they…
The median forecast expected for this morning's November payrolls report is +180,000 compared to October's +150,000. If payrolls beat expectations I'd anticipate the US dollar to continue its bounce and…
Below are the up close daily chart of silver and also a dialed out daily chart to give perspective on the now bullish short-term technical situation. Silver has clear support…
Yes, I have an interim deflationary view that is anti-commodities. But I am also a chart guy and someone who respects Commitments of Traders and public optimism/pessimism from a sentiment…
As employment decelerates, the media continue to choose to see a Goldilocks "soft landing" scenario, and it's right in line with a seasonal "last chance power drive" Never mind that…
Referring to the November 28 update: The GDX Move, it's Implications and More Thoughts We noted... The conviction here is quite positive. This move could still have some upward real…
As gold furthers its dramatic downward reversal (see previous update for parameters) and many other markets logically get clobbered in the face of a bouncing USD, let's take a quick…
In about the least surprising event of the year, gold broke to blue sky, got humped in the media and is reversing sharply. It would be nice to see the…
The gold price gets summarily reversed after mainstream financial media touts Why of course the MSM noticed gold's flirtation with all time highs. Click image, get article (which I have…
More "economic soft landing" hype hits the media, a perfect complement for the seasonal stock market party First there was the most cartoonish representation of the season, courtesy of the…
The next leg of the gold stock bull market is in play amid confusion, misunderstanding and noise Please see edit at the bottom of the article. The next leg of…
A brief update to illustrate the status of the US dollar index. USD is generally an 'anti-market' to the broad seasonal party going on. Of course it was going to…