Public posts
Simply because men who stare at charts often like to stare at long-term bases that have turned up. e.g the Uranium price… For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by Credit Card or PayPal using a link on … Continue reading Time to stare at the long-term Uranium price
Please check your spam folder if you have not received the email notice for NFTRH 742. Apparently Gmail went renegade this weekend and decided that emails that heretofore have been legit are now spam. A small minority of subscribers did not receive emails. Let me know if you would like to be added to an alternative list that is delivered from my Gmail account. I … Continue reading Note to subscribers: Gmail sending some emails to spam
2 year Treasury bond yield continues to diverge T-bills Well, this nerd is amazed by it (and several other out of whack macro indicators), at least. The 3 month T-bill yield (close companion to the Fed Funds rate) continues to steam upward in a divergence to the 2 year Treasury bond yield. Or put another way, the 2 year Treasury yield is negatively diverging in … Continue reading If you’re a nerd, you find this amazing
Golden Cross bull signals have just been announced by a gold stock always-bull Look, I said I was going to back off directly criticizing smaller promoters in the markets and in particular the gold cult “community” (as it calls itself). But when a gold stock bull – through thick, thin and everything in between, touts the Golden Crosses that I’ve been noticing (and keeping really … Continue reading Golden Cross bull signals in gold stocks!
Gold stocks have been among the leaders of the Q1 rally, but are not yet unique It seems that all too often lately the gold mining sector is in tow with commodities in general and broad global stocks in its ups and downs. As a leader, but not THE leader of the rally that is fine for now as long as we’re still on the … Continue reading Gold stocks are not yet unique, but that’s coming
Always needing an excuse for any given daily move, the MSfM serves up investors’ Fed tightening fears this morning You can click the image of a pensive trader staring intently at his flashing green and red numbers and charts to read whatever the article has to say. As it happens, the fear of Fed over tightening is traditionally a valid one as the 2 year … Continue reading Market fears the Fed will over tighten
Inflation signals and economy fading/decelerating as expected That which was built of inflation will deconstruct with inflation’s fade. That’s the rough plan, anyway. It’s important to remember that short-term phases measured in days or even weeks will do what they will do. But the 2023 picture is for inflationary fears, which were so 2021-2022, to fade and along with it the inflated economy (circa 2020) … Continue reading Are we on plan or what?
Gold price is trending up vs. major global currencies The corrections will come to the nominal gold price, but a real bull market will need participation vs. all major currencies and that is what is happening currently. Gold is even handily outperforming CHF/USD (Swiss Franc), to which the nominal gold price has a positive correlation. The exception is the Japanese Yen, which got clobbered in … Continue reading Gold in global currencies, looking good
Copper and Gold miners are leading the Q4-Q1 rally in broad asset markets Back in October we began to plan the prospect of a relief rally that would be fueled by over-bearish sentiment (contrary bullish), ‘Fed hawk’ relief as we anticipated inflation signals to ease, and a post (mid-term) election seasonal pattern that is bullish for stocks. This public article had a lot to say … Continue reading Q4-Q1 rally regains its mojo, led by the miners
It’s the Q4-Q1 relief play, baby It’s getting easier and easier now to be bullish, but that is the product of FOMO* in the herds. Hence, today was my last day of buying** fallen items across, in order of preference and general acquisition, the Precious Metals, Emerging Markets, outlier/specialty Commodities, select US sectors and Energy (yup, Energy, the formerly “last inflated man standing”) off of … Continue reading Strategy is working well so far
December CPI report shows continued moderation of (lagging) inflation signals The December CPI report is out at BLS. Here is the table of details. Meanwhile, markets from gold to stocks to USD are jumping all around in its wake. It’s noise. Inflation continues to moderate and that is the key element for H1, 2023. For “best of breed” top down analysis of all major markets, … Continue reading December CPI continues waning inflation trend
I hereby announce that my stint as a long running internet a-hole is over! Something about the last post (where I made fun of a guy’s falling wedge, to be deleted shortly) stuck in my craw. Even though I did not name or otherwise directly identify the writer, I feel bad about it. I think it’s an inner voice I’ve actually had for quite a … Continue reading A new leaf turns @ nftrh.com
The 2 year Treasury bond yield, T-bill and S&P 500 beg multiple interpretations I called the 2 year Treasury bond yield the most important chart in the world the other day to poke fun at those who use such hyperbole to make a (likely biased) point, but also to illustrating a likely topping situation in the 2 year yield. Below is the 2 year Treasury … Continue reading Putting the 2 year Treasury bond yield in context
Just kidding. It’s a reference to some gold bug man staring at a gold chart… …many years ago, labeling it “the most important chart in the world”. Some things just stick with me. 2 year Treasury bond yield is important across the macro Yes, it is very important because it has been a primary guide for the Fed to get (tardy though they were) and … Continue reading The most important chart in the world!
