Yesterday's negative reaction (of sorts) to the celebratory post-FOMC spike last week continues this morning. The US dollar index is bouncing within its still questionable state below the daily SMA…
'De-dollarization' touts about the US dollar should regenerate if Uncle Buck loses the base breakout and bull traps The US dollar index has been asking the question "bull trap?" *…
SPX bounce underway, but resistance upcoming This article discusses one diverse component of the broad global markets; the US S&P 500. The market has some poor underpinnings that we routinely…
On FOMC day +1 we find Treasury yields down (bonds up) and the US dollar index down as inflation fears - and thus, Fed fears - ease. The main support…
Back to the daily chart to review what you probably already know. GDX (daily) is taking a deeper pullback as it appears the war trades (including oil/energy) are getting hit…
Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwind We have used this daily chart of the gold stock ETF, GDX…
A little daily chart micro management sees the first GDX gap fill this morning at around a 38% Fib retrace of the rally from the October low. The gap fill…
If rapid M2 percentage growth forecast an inflation problem back in 2020, why would it not be forecasting deflationary pressure now? As far back April, 2020 NFTRH was forecasting a…
As the USD continues to recover after grinding support a couple days ago and the Gold/Silver ratio continues to bias bullish (ref. yesterday's pre-market update), let's take a look at…
Gold ratios to cyclical markets are rising Using the related ETFs, let's have a look at gold's ratios to other markets. Gold's relative standing within the macro has been impaired…
Two important market signalers are firm together this morning. The US dollar index is, in typical fashion for this market that flips its signals daily, holding after we noted its…
The US dollar index is starting to grind the breakout point above the March high. A bull trap, even if temporary before higher levels, could rhyme well with a stock…
