The XLV/SPY ratio has not bottomed, so stocks have not topped To this day at least, there is no sign of a market top by the XLV/SPY ratio indicator. XLV/SPY…
The Gold/Oil ratio would resume a positive fundamental tailwind for the gold mining sector if it breaks out As crude oil/energy is a large part of gold mining cost structures,…
Why are gold and commodities up and stocks under pressure as long-term interest rates rise? Because, this... The 10-2 yield curve is threatening to resume steepening. The uplift from the…
Updating gold ratios to other markets using associated ETFs Sure, gold is a pretty and heavy object that people fall in love with (and express their love with). But it…
The all-important ratios of Gold to other markets are in rally mode Gold ratios, as illustrated using daily charts of the related ETFs, are very important to the macro case…
The bubble in 'no holds barred' monetary policy (birthed under Alan Greenspan) and the bullish markets it benefits are in their third decade Gold, meanwhile, will not be ready until…
The new Yield Curve steepener has not yet un-inverted, but it's in progress and thus far mildly inflationary Reference Inflationary Yield Curve Steepening? from January 11. In my opinion, after…
US dollar index (DXY) frisky ahead of next week's FOMC nothingburger, I mean meeting We projected a bounce for USD nearly a month ago in this now public NFTRH+ update.…
Below is the opening segment of this week's edition of Notes From the Rabbit Hole, NFTRH 792 Bond Market, Gold, Yield Curve and the Changes to Come While it is…
After a gentle disinflationary easing (Goldilocks), the bond market is hinting at an inflationary steepening of the 10yr-2yr yield curve A yield curve can steepen under inflationary or deflationary pressure.…
The Copper/Gold ratio has been indicating an oncoming counter-cyclical environment since breaking down in June, 2022 Copper: Cyclical, inflation sensitive and a material of positive economic progress. Gold: Much more…
US dollar index, Silver and the Gold/Silver ratio As the US dollar index (DXY) continues to ask its seemingly eternal question... ...Silver is cracking support after not having taken out…
10yr-2yr yield curve steepener continues after secondary extreme inversion; gold holds steady Many have questioned why the gold price has failed to do the normal thing (decline significantly) in the…
The Gold/Silver ratio reversed from down to up on Friday, a 'tell' of sorts Gold/Silver ratio (in its Brooklyn accent): "Slowly I toin... step by step..." I shorted silver on…