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…
Gold is now bouncing vs. most risk 'on', inflation-sensitive and/or cyclical markets/assets Since first noting the very spark of an initial hint in NFTRH 653 and then again in this…
30-year yield threatens to rise anew Here is the daily chart of the 30yr yield. Looks like a flag breaking out to me. By converting the above to a monthly…
The indication from the metals is cyclical, pro-reflation and inflationary You cannot look at this chart and claim that the backdrop is not still firmly cyclical as the reflation created…
Nominal Junk Bonds (HYG) show risk (and speculation) 'on'... With a thus far small easing of the speculative froth lately, Junk Bond indicators continue to not yet show cracks in…
One of NFTRH's most important indicators goes big time... Except that the big time doesn't know it, or doesn't acknowledge it. But boy, when the big time talks about it…
Bear (Beer) flags in two seemingly unrelated items But are they actually unrelated? Neither of them likes the rise in long-term yields currently ongoing. So there's a common thread. The…
Gold vs. Stocks is a major macro signaler And as yet the signal (i.e. trend) remains positive for risk 'on', for economies, for speculation and inflation. The chart shows how…
It's the Bond Market, Stupid As our Continuum chart predicted over a year ago, Jerome Powell was called to his higher inflationary powers when the macro markets liquidated with great…
The 10yr/2yr Yield Curve continues to steepen This will probably amp up the prospects of some kind of Yield Curve control (YCC) by our trusty centralized monetary politburo. Here is…
When inflation works to cover up the economy's weakness, gold under-performs Still we see them blaming manipulation and conspiracy, and still they are wrong. Is gold manipulated? Yes. Are other…
As the yield curve steepens under inflationary pressure... Another day, another new high in the yield curve steepening, as everybody knows now that inflation is the play. But dialing out…
You know what the Yield Curve is doing It is steepening to the tune of a new high as the inflation trades press on. FYI. Since this the mini inversion…