For the purposes of this update USD is an indicator, much like its fellow indicator of (would-be) liquidity destruction, the Gold/Silver ratio. When the reserve currency rises along with the…
The Fed has finally come around to what we already know. Inflation signals have been decelerating all year, the battle against the last problem is over and the future problem,…
Commodities have been weak amid disinflation. But that has not stopped us from identifying certain positives in development. Last week Crude Oil was highlighted for a potential positive trade by…
The median forecast expected for this morning's November payrolls report is +180,000 compared to October's +150,000. If payrolls beat expectations I'd anticipate the US dollar to continue its bounce and…
Below are the up close daily chart of silver and also a dialed out daily chart to give perspective on the now bullish short-term technical situation. Silver has clear support…
Yes, I have an interim deflationary view that is anti-commodities. But I am also a chart guy and someone who respects Commitments of Traders and public optimism/pessimism from a sentiment…
Referring to the November 28 update: The GDX Move, it's Implications and More Thoughts We noted... The conviction here is quite positive. This move could still have some upward real…
As gold furthers its dramatic downward reversal (see previous update for parameters) and many other markets logically get clobbered in the face of a bouncing USD, let's take a quick…
In about the least surprising event of the year, gold broke to blue sky, got humped in the media and is reversing sharply. It would be nice to see the…
A brief update to illustrate the status of the US dollar index. USD is generally an 'anti-market' to the broad seasonal party going on. Of course it was going to…
Unless today is an epic bull trap, which I don't think is the case, then the move above the neckline and SMA 200 has conviction and implies higher levels to…
Today the daily chart is pinging the key resistance area. If it can hold the neckline and SMA 200 (let's keep in mind the concept of bull traps/false breakouts) we'd…
This update looks at a core holding of mine now that I perceive we are on the precipice of a macro shift in favor of the gold mining industry. This…
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A brief video pointing out some aspects of the GDX daily chart during a holiday week. Holiday season is a time when market signals can get a little reliable, but…