A couple of HUI ratio charts of note. HUI/Gold (GLD) ratio continues to hold up, T-minus 1 week to FOMC. HUI/SPX ratio holds up as well. With increasing signs of…
USD (DXY) has pulled back to the SMA 50 (110.71), which is the first important area to watch, with short-term lateral support (110.25) just below it. USD is in an…
Gold (daily) has barely bounced (although gold stocks have been trending up vs. gold for nearly 2 months now) and is trending down and locked below resistance. The weekly chart…
A snapshot of the 10-2yr yield curve this morning as long-term rates appear to be blowing off to the upside and short-term rates drop. In other words, bonds are getting…
The little bout of positivity in the inflation markets is enough to get me questioning my short position in DBC. Here is a chart of RINF (inflation expectations), as posted…
I added back Biotech related DVAX yesterday, noting a short-term bottoming pattern (trade log): "As for the chart, the daily has a little hint of a short-term bottoming pattern if…
The downside target for SPX has been 3200 +/-. It closed at 3678 yesterday after a bounce. This morning the futures (ES) are up 2.22%. Could the bullish plan, as…
A short 'FYI' update on USD (DXY). To review, in September USD halted at the resistance cluster from 2000-2002. It held support at 110, bounced to test the previous high…
[edit] And just like that, as mentioned might be the case below, markets have reversed. Precious metals stocks are not unique here, however. It's all reversing. Stocks, commodities and precious…
From subscriber Michael, who cannot comment on protected posts due to a glitch caused by the interaction between his and my Wordpress accounts... Sorry, I still can't post on protected...this…
[edit] It's a majority of the way through the day and while the miners are slightly positive volume has not ticked up. At some point on a theoretical right side…
Gold (daily chart) halted right where it was logical to halt, at the SMA 50. Now it needs to hold the EMA 20 (1698) and the associated support, which goes…
Nothing is set in stone, including the 30yr yield stopping at our 4% upside target. That said, if you're going to have targets and chart based road maps, it's best…
Silver apparently thinks that it can get the shorts covering ala #silversqueeze. And I am sure a lot of them are running for cover. The important point here is that…