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
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
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
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
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!
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
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
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
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
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
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
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.
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
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