Call me a perma-bear with these charts. Call me what ever you want. But I do not invent the data, I just look at it and post it when I…
One Horseman is riding up to new highs but is not confirmed by the other Horseman, which sees silver continuing to out perform gold in micro term. Further, Horseman #1…
Hey Bueller, junk bonds are doing what? Dropping. Junk bonds vs. quality bonds are doing what? Dropping. Heading into October junk bonds and ratios did what? Anyone? Beuller? Look, I…
Errr, this chart is starting to get hard to ignore isn't it? It is a gold mining sector fundamental indicator. I have no clue how the jockeys using only nominal…
The 10-5-2 spread is rising with nominal yields reversing to up. A little risk off'y to go with junk bonds, which are quite risk off'y. For reference, here is the…
Here is the big picture view of the 10yr-2yr Treasury yield spread with gold shaded in the background. People who successfully get through this bear market in gold will have…
So the Swiss gold vote caused a sizable ruckus in gold and silver overnight. This morning there is a nearly as sizable recovery in the metals.
The Swiss vote is an important hype component to get behind us and a positive reversal today would be notable, given the already over bearish sentiment profile (cue Citi’s Willem Buiter with a hysterical rant against gold leading in to the Swiss vote).
It's a global game of Whack-a-Mole (currency devaluation) and in this game certain countries and economic zones make sense in some ways. Japan for instance may be viewed as USA…
It's in a risk 'OFF' alignment with all durations dropping but the curve rising. Meanwhile, here's the chart of the 30 vs. the 5 year spread. Obviously risk is…
It's a monthly chart and these guys move like molasses on a cold winter day. But we might wonder how long it may take for the stock market's loss of…
We have a developing potential for a stock market upside blow off on the table for reasons explained previously. With this update I want to present the indicators that argue to the contrary and ask us to manage risk. I cannot predict which way the chips will fall (no pun intended) but I can continue to put up indicators for guidance.
First let's preface by stating that I have a dislike for gold sector pom pom wavers as evidenced by this post at Biiwii: Huey, Dewey & Louie. Second, let's ask…
Per the simple measurement of this chart and others like it we have used, we find WTI crude oil at target this morning.
Let’s remember that targets are not stop signs, they are objectives based on pattern measurements.
Happy Thanksgiving dear NFTRH subscribers and website readers. See you on Friday.