The yield curve and the nominal 10yr yield are at a critical macro juncture The chart attempts to tell you what I think without me interfering, right up until August,…
Gold/CRB ratio indicates a positive risk vs. reward for gold over commodities Most of the 2020 risk in Gold/CRB has been bled out over the last year. Sure, the ratio…
A picture of various reflation-sensitive markets vs. SPY/SPX The picture says that equity-centric reflation markets are struggling to regain uptrends relative to the broad SPY/SPX, and indeed are maintaining the…
Citi Economic Surprise Index continues to flash a stark warning Not that it has mattered (as with other bubble indicators) but the CESI is and has been guiding the S&P…
Gold/Silver ratio and USD, updated Come on you two, let's get this done. Let's destroy every dogmatic, autopilot flying inflation tout on the planet. At least temporarily before they and…
While headliners SPX and DJIA miraculously recovered and ticked new highs yesterday (NDX recovered near the high), the median of 1700 stocks, AKA as the Value Line Geometric index, stayed…
The 10yr-2yr Yield Curve has had its first interruption of the new steepener During this summer in which some of my indicators are at war with each other (as I…
Market liquidity is draining from different vantage points On Wednesday I made a post that showed the "metallic credit spread" (as coined by Bob Hoye) known as the Gold/Silver ratio…
I'll let the chart do the talking, except to say that the Silver/Gold ratio is giving a similar warning to Q1, 2020. Otherwise, move along, nothing to see here. For…
Gold/Silver ratio indicates waning market liquidity Since its fellow rider, the much reviled US dollar, is also still in rally mode the implication of the Gold/Silver ratio ticking a new…
Copper (cyclical metal) vs. Gold (counter-cyclical) is breaking suspect Using the ETFs (CPER & GLD) we find a fairly nasty looking potential shaping up in the Copper/Gold ratio. Despite America's…
Cyclical markets in relation to gold indicate reflation is still on, but... The most inflation sensitive markets are still trouncing gold, while certain stock markets are flipping suspect and the…
The copper/gold ratio continues to be stalled where it was supposed to stall The global economic reflation instigated by balls out inflation (steroidal money printing and subsequent cost pushing) halted…
Disinflation was led dutifully by the TSX-V/TSX ratio Back on June 21 we noted that the TSX-V/TSX ratio was negatively diverging inflation expectations. That is the ratio of Canada's speculative…