A concurrent rise in the Gold/Silver ratio (GSR) and US dollar can be a bringer of death and destruction to the macro, after it wipes
See, here is Amigo #1 (SPX/Gold ratio) on the left, having such a great time he’s riding one-handed and with his eyes closed. Ye ha!
The guy is a most humble and open minded market watcher. He’s also the poster of oddly funny and sometimes disturbing pictures on the financial
Not much has changed since the last 3 Amigos macro update. Amigo #2 (long-term yields) has long-since reached the Continuum’s ™ limiter (the 100 month
You have your Elliott Wave twittlers and regular TA pattern gazers out there falling all over themselves to tell us whether the top-test in the
Well, look who is sporting a bullish looking pattern on its daily chart. As you can see, a rising Gold/Silver ratio (GSR) attended the stock
Well, that remains to be seen. We are watching the tone of earnings season as the stock market grinds out its ongoing top-test. But aside
You have better things to do than read droning macro analysis or long, drawn out investment theses. It is a weekend in the dead of
Hey, it’s just a beneath the surface indicator of a cyclical item breaking down vs. a counter-cyclical one. Nothing that hasn’t already happened in 2018.
It has been a while since we’ve had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with
We’ve covered the other Amigos. Amigo #1 is the stock market still rising in terms of gold and #2 is long-term Treasury yields, which hit
[Article edited/updated from original] It’s the happy-go-lucky 3 Amigos (in play since we began this goofy metaphor last fall), which would signal macro changes to
Since early 2016 we have been carrying forward a theme illustrating that until the macro trends in place since 2011 change, the situation would be
Here is just one picture from said whipsaw, and its an important one as a cyclical indicator; Industrial Metals (positively correlated to the economy) and