Copper, Industrial Metals & Palladium vs. Gold

The daily chart shows the industrial metals still in pro-cyclical bounce mode vs. gold, while the Pd/Au ratio has long since collapsed. The weekly chart is not so friendly to…

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Gold/Silver Ratio: Slowly I Turn

I had the Stooges shtick going back in April as the Gold/Silver ratio (GSR) threatened to turn (up) but instead the reflation trades got a big tail wind and silver…

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Gold/SPX Ratio Bouncing From a Logical Point

Not only did the Gold/Silver ratio recently hit a major support zone* (as shown in NFTRH 605) during this market sentiment rally, but so too did the Gold/SPX ratio drop…

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Yield Curve Steepener Continues

The 10/2 yield curve continues its grinding but sneaky bend upward. The media lathered up a dumbfounded public about the horrors of the inversion last August, but it always has…

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VIX Not Diverging Inverse SPX

In taking a look at the daily chart of the VIX and noticing its somewhat firm look (as opposed to a continued plunge) I expected to find a divergence warning…

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Yield Curve Status & Implication

The 10-2yr yield curve continues to be elevated this morning. Its recent history is of an inversion that the media touted heavily as some sort of Armageddon warning late last…

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Market Leadership Indications

The over valued growth area known as the Cloud (w/ SaaS software and all that remote collaboration stuff) has been a leader out of the March crash, leading broad Tech…

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