Public posts

Commodities not buying it

Commodity tracker DBC remains vulnerable And I remain short. As the stock market bounces and some outlier commodity segments also bounce, here is a conspicuous non-participant, as the "last inflated…

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NFTRH 727, out now

Back to the more formal and in my opinion, elegant format this week. This will be the default with online posted reports being secondary for more direct points to be…

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In Excess

More garage rock. What else? As is typical, I made up the song and recorded it. Then, after hearing it and thinking 'hmmm, that guitar work is kind of excessive,…

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CPI on message

CPI increases more than expected, but it's not forward-looking See Inflation increased 0.4% in September, more than expected despite rate hikes Well first of all guys, CPI is not inflation.…

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Fed minutes: what else is new?

Fed minutes show the hawking Fed fully feathered They can't be this dumb. So there has to be a reason why the Fed, despite myriad signs of economic and inflationary…

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ISM continues to decelerate

The September ISM shows manufacturing continuing to weaken Of course, this is a forward looking economic indicator, so why would our friends at the inflation-fighting Federal Reserve take it or…

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Au/ES, Au/HG & Au/Ag ratios (& USD)

Gold's ratios to stocks, copper and silver (daily charts)... "It's a process" he parroted for months on end. Gold/ES continues its recovery and bodes well for the counter-cyclical view from…

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