Gold price (monthly chart), amid the noise [w/ edit]
A monthly chart view of the gold price projects a break to blue sky, but needs to confirm a breakout first (and endure the noise of an 'in the bag'…
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April 14, 2023
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Fed Minutes circus: Banking Crisis to cause recession
Fed minutes show just how out of touch the eggheads are The Fed minutes were published for all to see (in my case, ignore until this morning). Step right up,…
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April 13, 2023
NFTRH+; the inevitable band-aid brigade
Janet Yellen is sooth saying the markets about the bank sector meltdown going on. It is government, not the Fed that is applying the band aids, talking about bailouts and…
March 21, 2023
NFTRH+; Pictures (and analysis) from pre-market
The government is stepping in to bail out SVB depositors and the banks are still tanking. Graphic is linked to the article. As a side note, the government says that…
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March 13, 2023
Wages moderate, Bank implodes, CME Group adjusts its Fed Funds Rate projection
Fed Funds Rate projections from CME Group adjusted from +.5% yesterday to +.25% today Silicon Valley Bank implodes and voila, the Fed Funds Rate projection dropped on cue. I will…
March 10, 2023
Banking sector relative strength: there is none [w/ edit]
The banking sector is breaking down in relation to the S&P 500 [edit] SV Bank meltdown! Shows how closely I follow the news of the day. Obviously consistent with favored…
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March 10, 2023
Banks/Broads in the face of elevated L/T yields
Not very happy signaling from the Pigs Neither nominal KBE... ...nor the KBE/SPY ratio are looking very good in the face of rising yields. Indeed, KBE above is in a…
April 5, 2022
The Pigs are not leading yields
Bank sector negatively diverges long-term yields As long-term yields rise to tick the 2.5% to 2.7% target zone on the 30yr, the Bank sector seems to have other ideas. Like…
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March 17, 2022
Pigs re-taking the lead…
The ratio of the Banks (KBE) to SPX (SPY) is breaking bullish I don't care what you find out there on Twitter or the gold websites, the fundamentals for gold…
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January 6, 2022
Of course the Pigs are flying
Banks are posting a strong quarter The inflation (money printing by the Fed) has brought reflation (economic benefits of said inflation) and none are more targeted for benefit than the…
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October 14, 2021
vs. SPY: A view of reflationary progress (or lack thereof)
A picture of various reflation-sensitive markets vs. SPY/SPX The picture says that equity-centric reflation markets are struggling to regain uptrends relative to the broad SPY/SPX, and indeed are maintaining the…
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September 13, 2021
Reflation ‘on’? The Pigs seem to think so
Let's get through CPI tomorrow to see if there are any surprises to the view on the effects of the Fed's printed inflation and the government's pushed inflation. I don't…
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August 10, 2021
As COVID-19 Backs Off and Yields Back Up…
Today came the happy - and inevitable - news. Some day on the horizon this effing virus is going to stop hanging over our shoulders. Some sectors especially appreciated the…
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November 9, 2020
Pigs Take Flight
A couple days ago we asked the question in light of rising long-term yields, a steepening yield curve and the ongoing reflation operations by policymakers. Today the Regional Banks appear…
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October 22, 2020