Gold's ratios to stocks, copper and silver (daily charts)... "It's a process" he parroted for months on end. Gold/ES continues its recovery and bodes well for the counter-cyclical view from…
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Copper/Gold and Oil/Gold correlated with the 10yr yield From yardeni.com, a visual representation of one implication of the Copper/Gold ratio, which I often make a big deal about. If the…
Junk bond ETF outperforms both Treasury and 'investment grade' (IG) bonds As would be expected, nominal junk (HYG) is pretty bearish along with the rest of cyclical/risk 'on' markets. It's…
The 10yr-2yr yield spread has taken out its previous short-term high Thus, it's certainly a candidate to begin the steepener that seems only a matter of (diminishing) time. Notice how…
The US dollar and the Gold/Silver ratio are bulling together... And per the Seinfeld bad chicken episode, "that's not gonna be good for anybody." https://www.youtube.com/watch?v=Lo-Ul0tWHpg Here we see Uncle Buck…
Doc and the old man: A likely false dawn amid summer relief Many indicators became overdone to the downside in June and July. Certainly sentiment indicators did. But so did…
Rise in high yield credit spreads threatens recession A rising spread indicates disfavor toward junk bonds (oh so favored during speculative risk 'on' phases) and this behavior can eventually either…
This is how an inflation phase ends It's called the bust that follows an inflated boom. The US dollar and Gold/Silver ratio traditionally ride together to bring it on. The…
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The message is anti-inflationary Conveniently, with FOMC coming up on July 27th, inflation signals continue to unwind. Hmmm, and right into what on average is a seasonal low in the…
Copper and Copper/Gold continue the dark messaging These things take longer than you'd think when you initiate the analysis at its start. It was about a year ago that I…
It's an oversold bounce for the copper price, the Copper/Gold ratio and likely other commodities The daily copper price (futures) is showing a logical bounce from a small support shelf…
Doctor Copper's scrip: "The economy is starting to gear down due to the reduction of the very cyclical inflationary forces that had stimulated the patient previously. If you feel a…
Copper price (futures) clings to intact status Doctor Copper obviously failed again after a brief head fake above the moving averages. Doc is the cyclical economic metal. It clings to…