It's noisy out there. It always is, but this week seems particularly noisy. We have the debt ceiling theater ongoing with the likelihood that both sides will try to extract…
Admin first. As mentioned previously, I'll be away from my office for the rest of today and all day tomorrow. NFTRH 758 will be published on Sunday as usual. Now…
As noted in a post earlier this morning, the debt ceiling Kabuki dance is likely just that; theater, a stage for a great meeting of the minds of two sides…
Quick look at USD and the Gold/Silver ratio (GSR), the 2 riders of the (would-be) liquidity Apocalypse... daily charts I will be out the rest of the day (also all…
Inflation is moderating to the degree that even the herds are fully aware and anticipating the end of the Fed rate hike regime.Yet earnings are generally exceeding reduced estimates and…
Silver has been the leader. Now comes a test of its leadership. Our two key projected support levels were the January topping cluster in the 24s (being tested now) and…
Our existing theme is very generally for the inflation>disinflation>deflation scare progression to play out. The potential theme that I galaxy-brained in NFTRH 756 is that gold could continue to under-perform…
As you know, NFTRH 756 put its thinking cap on right in the middle of yesterday's report. This resulted in a potential change of tack going forward from the disinflation/deflationary…
The US dollar got knocked down this morning as the Fed prepares to launch what I believe will be its last volley of support for the reserve currency. But USD…
In microcosm the markets did what they (IMO) should do. Gold stocks went up at the dawn of a positive fundamental phase and most everything else went down at the…
Good cop (QQQ/SPY ratio) is holding the bull flag and turning up. I assume the happy stuff out of Microsoft is boosting spirits. Reference the original Good/Bad cop update. In…
A quick look at two items, the guide for a bullish market (QQQ/SPY, also noted in NFTRH 754) and XLV/SPY (which is a defensive sector vs. the broad market and…
Gold stocks eye silver's leadership Silver's CoT is in decent shape. Silver has been leading gold. Silver is STILL leading gold despite the sector pullback/correction. In not having had a…
The market is tightening credit conditions again. In other words, it is projecting a sill-hawkish Fed. This is where we lay waste to all the hopes, shills and promotions about…