A key test by one important indicator is taking place now. Back when we were gauging the potential for the reflation trades one aspect would
Category: Market Indicators
Wrong-Headed MSM Yield Curve Analysis
I made a big deal about the hype of an INVERTED YIELD CURVE… OH MY GAWD HEAD FOR THE HILLS!!! last summer as the public
What Thing Does Not Look Like the Other Things?
[edit] The degree to which gold has been bent out of shape by the drone strike and subsequent war drums informs Thing 2. But every
Silver/Gold Ratio Today
As with the VIX, the Silver/Gold ratio is not (yet) buying the doom of World War 3 either. Nor is it particularly buying the weak
Yield Curve Hits New 2019 Steepener Today
There will be other factors to consider, like inflationary vs. deflationary for example. But a theme we have going is for a 2020 steepening of
Silver/Gold Ratio Still in Flag Breakout
The Silver/Gold ratio (SLV/GLD) continues to reside above the daily chart moving averages (which are still trending down) after a breakout from the flag. So
Silver/Gold Ratio on Message
The Silver/Gold ratio – again assuming we’re not just playing Santa silly season here – is on message with the reflation/inflation/cyclical winds that appear to
3 Metallic Amigos Weigh In, Post-FOMC
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
Gold vs. Cyclical Markets
Time for another pictorial representation of largely counter-cyclical gold’s standing vs. cyclical markets and assets using the associated ETFs. Let’s go with weekly charts this
Mid-Week Market Internals
Random internal views for a Wednesday morning. Putting pictures to what is normally a color coded written NFTRH segment in order to save space within
Gold Ratios Time Again
Time again for what I think are among the most interesting – and analytically valuable – views beneath the market’s surface. Gold/SPX ratio is trending
Yield Curve Would Indicate Stress
We have pointed out that the “inverted yield curve!!!” hype of last summer was just that, technical sounding hyperbole for the public to get riled
Why Use the Silver/Gold Ratio?
This post actually furthers a response to a colleague who wondered why I look at silver so closely instead of just industrial metals vs. gold.
The 2 Horsemen
Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a