Yesterday we noted the bullish moves in USD and the Gold/Silver ratio, giving a clear and negative macro signal. Today, insofar as certain/many asset markets have been 'anti' yields in…
If you are like me you may have had some measure of mental macro whipsaw recently as the short-term signals bounce from disinflationary/Goldilocks to inflationary and back again. Fairly annoying.…
While gold stock macro fundamentals remain a work in progress (in need of a reversal back to bearish in stocks and a continuation of gold's recent moves vs. commodities) gold…
It's the final stages of the originally planned summer rally window from July potentially into September. It is the final stages because the current plan will either play out with…
The theme was begun yesterday as we looked at the banks and long-term yields, questioning whether or not long-term yields have already pulled back enough to spur a bounce. As…
The Energy sector is recovering and that can be considered a rhyme with the state of Bank leadership and long-term yields as noted in yesterday's update. It's another 'reflation' sector.…
The ratio of Banks to the broad market (daily chart) is a leading indicator to the reflationary aspects of the markets. In particular, the ratio should lead or go in…
'Eliminating' is a strong word, but if the Gold/Silver ratio (GSR) is breaking down from its recent hold of the SMA 50 and upturn, then it would be beneficial to…
The miners leverage gold's standing within in the macro. So if gold is weak vs. cyclical markets/assets then the miners tend to be much weaker. If gold is strong relative…
A daily chart view for short-term reference. Gold has bounced to the SMA 50 and resistance associated with that area. Option 1: Bounce failure. Option 2: Break on through to…
Yesterday was a reminder that Fed members can and do interfere in the markets at will. Such power to move markets should be considered disreputable at best and criminal at…
The 30yr Treasury yield is doing as expected, dropping from the hysterical high at the 3.45% target. The target for the pullback is 2.5%, which coincides with the uptrending daily…
Gold thus far holds the support, which can be seen on a weekly chart per a July 21st update. Here is the updated daily for review. Silver is the precious…
[See qualifying note added at end] Alert subscriber Michael has prompted me to look at something I have not looked at in years, quite frankly. I long ago simplified my…