The yield curve is still out there and it is still steepening. A steepening curve would change the macro from the previous Goldilocks phase (in the US), and whether that…
The leadership chain is intact. SOX/NDX has remained functional. NDX/SPX has regained functionality. SOX/SPX is making a new high. Per this chart, as noted on Sunday in NFTRH 622, "this…
In NFTRH we track Gold/Stocks consistently and Gold/Commodities and Gold/Currencies ratios fairly routinely. But we've not looked at gold's ratios to bonds in a long while. I see Gold/Bonds as…
...as it should be, folks. Textbook. The Gold/Silver ratio and US dollar, the 2 Riders of Apocalypse, are bringing a (thus far minor) day of judgement to the sinful and…
Any bearish phase in the broad market would be suspect without junk bonds also going bearish. The top panel is nominal HYG (Junk). The middle is HYG/TLT (Junk/Treasury) and the…
"Slowly I toined, step by step, inch by inch..." The Gold/Silver ratio finally turned, and then it burst upward to the underside of an important macro decision point. With the…
...this is the night we ride This ain't the Garden of Eden, there ain't no angels above, and things ain't like they used to be... Well, for a day at…
Views of gold in relation to other markets and brief summaries thereof, with a focus on how it relates to the gold mining sector and the inflationary macro to come.…
The 10yr/2yr yield curve put in its flattening cycle low over a year ago and has been on a grinding steepener ever since. Long before the... ...reared its ugly head…
Toined the macro, that is (in Moe's Brooklyn accent). Step by step... A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got…
I went from sad (taking my profits too soon) to glad that I took profits in volatility vehicle VIXY as the VIX reversed and went negative today. It remains to…
The Doctor called and he has good news for reflation-minded casino patrons. The important $3/lb. level has been taken out (daily chart) by this asset that is emblematic of a…
The bugs want to see this ratio hold here, and market bears do not want to see it break down. Gold/SPX can drop to test the major daily chart uptrend…
The yield curve has been on its steepening trend for a year now. A steepening yield curve brings major changes - which the lesser attuned herds are now trying to…