“Oil Prices Getting Lower. Great!”

The tweet says it all. A problem with the president's logic is that crude oil is part of the cyclical, risk 'on' macro amalgam. The Saudis did not decide to…

Comments Off on “Oil Prices Getting Lower. Great!”

Industrial Metals Breaking Down Again

It sure is not positive economic - or for that matter inflationary - signaling as Industrial Metals lose the short-term consolidation and break down on Monday and Tuesday. That also…

Comments Off on Industrial Metals Breaking Down Again

NFTRH 518 Excerpt: Commodities

To celebrate NFTRH’s 10 year anniversary (Friday, Sept. 28) I’d like to present one segment from this week’s report, NFTRH 518 each day until Friday. These excerpts will give you…

Comments Off on NFTRH 518 Excerpt: Commodities

Palladium Breaks the 200

Palladium is breaking above the 200 day moving average today and I think it means something... un-bearish. I have been as mentally whipsawed as the next guy trying to mesh…

Comments Off on Palladium Breaks the 200

Industrial Metals Still in Play

So the Trade War Food Fight (TWFF) has hammered Doctor Copper and his Industrial Metals pals of late, along with the strong dollar (now taking a much needed pullback). But…

Comments Off on Industrial Metals Still in Play

Palladium Suspect & Platinum… Boink!

From NFTRH 506: Cyclical Palladium is still in breakdown mode. Not good for macro bulls if this persists. Platinum still appears headed for the test of the 2016 low, which…

Comments Off on Palladium Suspect & Platinum… Boink!

Doctor Copper Follows His Industrial Pals

People look at the Doc, with his Ph.d. in Economics as a key cyclical indicator. The Wall Street Journal gave investors handy reasons why Copper was under performing broader commodities...…

Comments Off on Doctor Copper Follows His Industrial Pals