The bounce is on from the low of 180. We have potentials in play for HUI to have bottomed at 180 (measured target off of the little H&S pattern was…
Let's use a talkative chart to explore something interesting. First a couple qualifiers... We'll exclude a large part of the chart, which was the 2009-2015 ZIRP (zero interest rate policy)…
[edit] take the RRG as a novelty. I think I just took the relative strength of a relative chart. Sorry about that. I just realized that RRG automatically measures any…
[edit] In the time it took to write this update the broad market turned red and I also notice that Treasury yields have backed off, so with respect to the…
The 30yr Treasury yield 'Continuum' is one of our more important macro indicators. Specifically, it has been an indicator of inflation tolerance or deflation fear over several decades. This year…
Support at 18 (+/-) is giving way (I'll probably release SLV) and the weekly chart shows the next two objectives, should this not prove to be a fake out prior…
The US Cannabis MSO sector has bottomed for an interim low at least. Last year I entered too soon and stuck with it too long (as politicians sit on their…
[edit] The scenario noted below obviously depends on HUI losing the neckline, which it is thus far holding as S/T support today. The target does not activate until/unless HUI takes…
Jerome Powell was trotted out to the media and said exactly what anyone paying attention to market signals knew he'd say. The Fed is still in inflation fighting mode in…
It is still summer silly season and as such it would not be surprising for ES to hold support here and take one more lunge upward during the pre-FOMC time…
Just a quick FYI that the gap in gold and the implied gap in silver have filled. The chart shows GLD and SLV. I sold AEM earlier but may need…
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…