The US dollar bouncing is one thing. It has bounced to the anticipated resistance area. But the state of the Gold/Silver ratio (GSR) in tandem with USD is quite another…
When projecting a USD bounce on December 28 we also established an initial and perhaps best bounce target around 102.50, which at that time included visual resistance and the daily…
The silver price is easing along with other metals in the face of the little bounce by USD. Logical, normal. The daily chart shows us what keeps it normal and…
It is holiday party season, with trading signals that may not be as reliable as some regular week during the year. But the US dollar index is still the main…
Referring to the daily chart of GDX we've used to manage many a rally and pullback, let's take an update of the situation on this probably least valid trading day…
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…