Since the macro often gets its pants in a bunch over FOMC, let’s see what these 3 economic metals have to say about the Fed’s
Category: Commodities
Happy Thanksgiving From the 3 Metallic Amigos
As they ride off to their respective gatherings let’s get an update from the metallic macro Amigos. The counter cyclical Amigo has existed outside of
3 Metallic Amigos, Updated
First off, if I am a precious metals bear I am just a bit taken aback that my post about the short-term bear flags in
Man Stares at Charts, Reverses Wildly Bullish Gold Stance in Favor of Copper
A fairly well known man who stares at charts (and usually predicts macro doom) in the gold “community” has suddenly seen positives going on in
3 Metallic Amigos, Live Futures
The cyclical Amigo, the counter-cyclical Amigo and the cross dresser Amigo. A weekly chart works best to make the point that copper is still struggling
Commodity (and Inflation) Fade Continues
As suspected, the various inflation/reflation trades were just bouncing in their downtrends as they have stopped within those downtrends after some pushed the limits. Commodities
Oil’s Seasonal Pattern
I was entertaining the idea of adding USO or some other crude oil related exposure this morning due to the chart of WTIC, per NFTRH
Mega Oil Knee Jerk
It may well have some lasting effect since it was a substantial attack with real supply implications. But you are now being called to action
Timber!
As far as the reflation trades go, I have a base metals mining position and a materials position. But really I am not positioned for
Global Shipping, Copper LME Stocks & Copper Price
An NFTRH subscriber kindly sent me this article on surging global shipping costs. Shipping’s great fuel switch is starting to drive up freight costs For
3 Metallic Amigos… Au, Ag & Cu
The 3 metals that I think will most inform the coming macro are shown here on weekly futures charts (click the charts for a fuller,
3 Metallic Amigos, Cu, Au & Ag Weekly Charts
Weekly futures charts of Doctor Copper, Stodgy old man Gold and his wild little bro, Silver. Copper is still perched at absolutely critical support. Yesterday’s
Doctor Copper is Breaking Down
The already down-trending daily copper futures lost another support level last week and this morning is threatening a last ditch level. The weekly chart advises
3 Metallic Amigos, pre-FOMC
Here are the daily and weekly futures charts for each Amigo (the cyclical Amigo, the counter-cyclical Amigo and the cross-dresser Amigo). We review these metals