A super simple update to explain why I added the Wheat fund WEAT, per the Trade Log. First, there is the chart tapping the SMA 200 within an uptrend. The…
It's as simple as that which was 'anti' when the inflation/reflation party was ripping is still 'anti' when the party is over (at least temporarily). When markets liquidate - to…
A look at the 30 minute chart of GDX shows a normal pullback to fill the opening gap. With Treasury bonds rallying and reflation-sensitive stocks and commodities pulling back it…
We used the 30yr yield Continuum to project a pullback in the inflation/reflation trades and associated inflation hysteria as the yield approached 2.5% back in late winter. We then planned…
The bad news is that both GLD and SLV have filled the most recent down gaps. The good news is that they both also have gaps still open well higher.…
While USD is short-term bullish I want to also respect the main theme, which has been for inflation to cool during this period, not to be banished. I posted a…
If they are going to bounce in the short-term, they could do it from here. Gold is at lateral support on the daily chart and is oversold. As a bonus,…
HUI is oversold, sentiment has been pushed down and here we have a little daily chart hammer candle (potential reversal candle if it holds up). This index can bounce at…
USD (DXY) is pulling back after last week's FOMC event and is right at the 1st level of support at the SMA 200. If I was right in the June…
Let's take a look at the headline industrial metal, copper. After a fake below the most recent bull flag/correction channel it has popped back into the flag. Key resistance to…
The spring/summer inflation cool down always was going to bring a bounce in the US dollar, AKA the global anti-market or counter-party to the big inflation/reflation trades that everybody came…
It looks like HUI is dropping back into its big picture handle (daily chart downtrend channel) unless it puts an end of day tail on that candle and closes above…
Let's micromanage the metals now that they got cracked. But first let's think about the miners. Yesterday we noted that HUI had not broken to a lower low in relation…
The projection has been that HUI bottomed vs. SPX per this weekly chart. It made a low, tested it, turned up hard and then earned the expected pullback. Ah, but…