The TSX-V index is making a new high for the recovery cycle. This is important to many of the more speculative resources/commodities trades. The ratio of the V to the…
[edit] Payrolls data are out, they were well below forecast (+245,000 vs. +432,000) and the market is taking it as a big nothingburger. Gold and silver barely moved, the USD…
It's none other than Biotech giant GILD, which I have held for a few weeks now for non-chart reasons, maybe (repeat maybe) making a move off the bottom. Today it…
The perfection is in the fact that one is getting brutalized by the optimism breaking out everywhere (Media serve up everything from vaccines to the presidential transition to the appointment…
In some ways the gold miner correction almost had to happen. So says the chart below. A reminder here is that nothing is happening now that did not happen in…
From Sentimentrader (which I recommend for anyone who wants to keep closer tabs on market sentiment and some Quant-like data) comes this interesting study on the gold miners. The number…
I have been noting that the HUI/SPX ratio can lose the SMA 200 and still be okay as long as it makes a higher low to June, a loss of…
RINF (inflation expectations gauge) is aligned with the view that markets are rotating, not ending. And that rotation, as of now at least, appears to be toward the cyclicals (and…
Broad Markets As noted this morning to subscriber R.D. who emailed talking about the rotation to value and how it appeared machine driven. R.D.... It does seem obvious to me…
I have had an eye on PI for some time now, but it was (and still is) impaired by its hands-on consumer related customers' lack of engagement during COVID-19. Now,…
Vaccine news hits the screens and voila... ES has popped a new high, following through on last week's joy. DXY is still bearish but holding support. Long-term Treasury yields are…
I am always prepared to be wrong because well, it happens, so might as well prepare for the inevitable. Gold and silver are threatening to break consolidation this morning and…
Here is a commodity (REE) that I have taken my eye off of in 2020. Well, no longer. When my eye sees a chart like this, it goes right back…
A couple of visuals on the gold sector for you. If the rally in the broad stock market is something more than just an election week party then the Gold/SPX…