A rising Silver/Gold ratio (SGR) would be positive for the global equity ‘anti-USD’/inflation trades, including several US sectors, commodities and the precious metals. For the
Category: Market Indicators
Yield Curve Steepeners
To the 2 Horsemen (Gold/Silver Ratio & USD) we should add Amigo #3, the Yield Curve as another important macro sign to watch for. The
A Look at Some Damage as the 2 Horsemen Ride
As is usually the case if these riders are going to change the macro the damage starts at ground zero, the precious metals sector. Here
Gold/Silver Ratio & USD: 2 Horsemen to Ride Again?
A concurrent rise in the Gold/Silver ratio (GSR) and US dollar can be a bringer of death and destruction to the macro, after it wipes
SPX/Gold Ratio: Amigo #1 in Full Gallop
See, here is Amigo #1 (SPX/Gold ratio) on the left, having such a great time he’s riding one-handed and with his eyes closed. Ye ha!
Macro Tourist: Yield Curve Apologists
The guy is a most humble and open minded market watcher. He’s also the poster of oddly funny and sometimes disturbing pictures on the financial
S&P 500 vs. Gold (AKA Amigo #1); a Closer Look at Risk
Not much has changed since the last 3 Amigos macro update. Amigo #2 (long-term yields) has long-since reached the Continuum’s ™ limiter (the 100 month
Palladium/Gold Ratio on Verge of a Warning
You have your Elliott Wave twittlers and regular TA pattern gazers out there falling all over themselves to tell us whether the top-test in the
Gold/Silver Ratio: Rising for a Month Now
Well, look who is sporting a bullish looking pattern on its daily chart. As you can see, a rising Gold/Silver ratio (GSR) attended the stock
SOMA That End of Month Bearishness?
Well, that remains to be seen. We are watching the tone of earnings season as the stock market grinds out its ongoing top-test. But aside
A Macro (Amigos) Update for Mid-Summer
You have better things to do than read droning macro analysis or long, drawn out investment theses. It is a weekend in the dead of
Industrial Metals Continue to Drop vs. Gold
Hey, it’s just a beneath the surface indicator of a cyclical item breaking down vs. a counter-cyclical one. Nothing that hasn’t already happened in 2018.
3 Amigos (SPX/Gold, Long-term Yields & Yield Curve) Updated w/ edit
It has been a while since we’ve had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with
Updating Amigo #3, the Yield Curve
We’ve covered the other Amigos. Amigo #1 is the stock market still rising in terms of gold and #2 is long-term Treasury yields, which hit