Because it is so important to our macro work, let’s update again the counter-cyclical metal vs. some positive cyclical items, using the respective ETFs. Gold/Oil
Category: Market Indicators
Semiconductor Sector Indicators Led the Correction
Amid the sick theater that has been the US political sphere and by extension, the stock market, I just tried to stay unbiased (in action,
Amigos Snapshot (daily views)…
Amigo #1; Stocks vs. Gold This Amigo has a ceiling that is higher when viewing monthly charts, but the daily is coming under pressure, depending
Amigo #2 In Gear, Joining Amigos 1 & 3?
Amigo #2 made a big pop today and as such continues to rise with #s 1 (Stocks vs. Gold) and 3 (the 10-2 yield curve).
The Yield Curve in the News
[edit] See also Steve Saville’s discussion of the yield curve. Well, after one down day in the markets why not put up a cautionary article?
3 Amigos Update
[edit] I realize this theme could be wearing on some people, but with all the subtlety of a sledgehammer I am going to pound it
Close Up on Au/GYX & Au/WTIC
Folks, far be it from me to go all gold pumper on you, but also far be it from me not to show you things
Precious Metals Breaking Down! 3 Amigos to Abort? 4 Horsemen to Ride?
[edit 12.8.17] Amigos status clearly & concisely updated. I am not trying to be a wise guy with the first half of the title (it’s
A Favorable Morning for the 3 Amigos of the Macro
Long-term bond yields are rising this morning, and you will notice, the 2yr is rising more than the 30yr. So not only is this a
Gold/Silver Ratio Breaking Daily Bull Flag
In this case the precious metals have already been weak, hopefully breaking the spirits of over enthusiastic gold bugs. A warning as represented by a
Updating the 3 Amigos of the Macro (edits added)
Okay, so the theme is that on the macro 3 events may come together to signal a big climax, leading to change. Those Amigos are…
Public Chart List
I’ve had similar lists available in the past and to tell you the truth I am not sure what happened to them or why they
Today’s Market Reaction
To my eye, conflicts and inconsistencies abound in today’s micro. Strong producer prices data spurs Fed rate hike talk (December is in the bag anyway),
At the Junction of Risk ‘On’ and Risk ‘Off’
[edit] As I do the actual work of plowing through NFTRH 472 I am noting some non-bond related indicators in line with the fading Junk/Quality