As with the VIX, the Silver/Gold ratio is not (yet) buying the doom of World War 3 either. Nor is it particularly buying the weak manufacturing data, which would theoretically…
There will be other factors to consider, like inflationary vs. deflationary for example. But a theme we have going is for a 2020 steepening of the yield curve with the…
The Silver/Gold ratio (SLV/GLD) continues to reside above the daily chart moving averages (which are still trending down) after a breakout from the flag. So far it remains constructive for…
The Silver/Gold ratio - again assuming we're not just playing Santa silly season here - is on message with the reflation/inflation/cyclical winds that appear to be blowing. FYI... Subscribe to…
Since the macro often gets its pants in a bunch over FOMC, let's see what these 3 economic metals have to say about the Fed's nothing burger yesterday. Let's use…
Time for another pictorial representation of largely counter-cyclical gold's standing vs. cyclical markets and assets using the associated ETFs. Let's go with weekly charts this time to dial the picture…
Random internal views for a Wednesday morning. Putting pictures to what is normally a color coded written NFTRH segment in order to save space within reports that are routinely over…
Time again for what I think are among the most interesting - and analytically valuable - views beneath the market's surface. Gold/SPX ratio is trending up on a daily chart…
We have pointed out that the "inverted yield curve!!!" hype of last summer was just that, technical sounding hyperbole for the public to get riled up about by way of…
This post actually furthers a response to a colleague who wondered why I look at silver so closely instead of just industrial metals vs. gold. The answer I'll note here…
Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor…
As I watch the 10/2 yield spread inch another increment toward steepening I can't help but wonder if the public, which was diddled so thoroughly (and incorrectly) about the negative…
Just a light duty post to show you 3 different items that would travel together in a would-be reflation trade. This chart is probably over a year old and was…
This morning in pre-market the Amigos' futures charts update the macro story... ...which goes something like this... Copper, the cyclical Amigo (weekly chart) has furthered the intermediate trend line break…