Why charts have limited utility
Stock charts are helpful, but not the be all, end all I was looking through a list of watch items and came upon NEO.TO, which is something I've had my…
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September 29, 2022
Public posts
In India it appears as simple as currency depreciation
Indian stocks have been bullish relative to much of the rest of the world, but... It appears little more than a macro parlor trick as the Indian Rupee dive bombs…
September 26, 2022
Gold miners watch the “last inflated man standing” start to fail
As we step toward a counter-cyclical macro, the fundamentals will finally improve for gold mining From a June 19th interview I did with with Jordan Roy Byrne with respect to…
September 23, 2022
‘Last inflated man standing’ needs a crutch
The Energy sector cracks hard Technically, it is still a major uptrend (by the rising SMA 200). Functionally, it looks like hell. Oil, Gas and the Energy complex were the…
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September 23, 2022
Last ditch for the speculative inflation trades
The TSX Venture (TSX-V) index is in trouble Have the drones on Twitter taken up their pitchforks and torches and marched upon their inflationist (gold bugs or otherwise) influencers yet?…
September 23, 2022
The ‘Continuum’ and its fellow travelers
Commodities and inflation expectations have/had been rising right along with the long bond's yield But some of the 30 year Treasury yield's fellows are dropping off, just as the hawking…
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September 22, 2022
Speed readers to your marks…
Because here's the anticlimactic event (that's an assumption because this is written prior to the FOMC release) you've been waiting for... September 21, 2022 Federal Reserve issues FOMC statement For…
September 21, 2022
Interesting Gold/Commodity correlations to yields
Copper/Gold and Oil/Gold correlated with the 10yr yield From yardeni.com, a visual representation of one implication of the Copper/Gold ratio, which I often make a big deal about. If the…
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September 20, 2022
T-minus 1 day, 4 hours and 42 minutes…
Eggheads assemble, as FOMC meets Ooh, can't you just cut the tension with a knife? FOMC is going to hike the funds rate by at least .75% tomorrow and according…
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September 20, 2022
US Treasury bonds are worse than Junk
Junk bond ETF outperforms both Treasury and 'investment grade' (IG) bonds As would be expected, nominal junk (HYG) is pretty bearish along with the rest of cyclical/risk 'on' markets. It's…
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September 19, 2022
NFTRH 723, out now
Back to regular PDF format this week. NFTRH 723, out now. For "best of breed" top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth…
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September 18, 2022
Caged
Whereby I try to make you listen to a garage rock song that is probably not to your taste with a nasally sounding singer who I am pretty sure is…
September 16, 2022
The purple pill
"You take the blue pill... the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill... you stay in Wonderland,…
September 16, 2022
Gold bugs, be not saddened
What is happening to gold lately and today is heartening It's been my favored scenario for becoming a gold stock bull. It goes like this... Inflation touts go over the…
September 15, 2022