In NFTRH we track Gold/Stocks consistently and Gold/Commodities and Gold/Currencies ratios fairly routinely. But we've not looked at gold's ratios to bonds in a long while. I see Gold/Bonds as…
Subtitle: Deflation to Inflation This morning the 10/2yield curve is again steepening and that is the headliner and one of my two most important indicators (the 30 year yield Continuum…
The 30 year yield is below the 2.2% level. That is important because... ...this... If this keeps up it's a situation that is not positive to the inflationary, reflationary view.…
Gold bugs will remember 2012 as the last year of hope that gold was still in its bull cycle as it managed to hold key support around 1550 into year…
Just a light duty post to show you 3 different items that would travel together in a would-be reflation trade. This chart is probably over a year old and was…
I thought so... The Bond Yield Continuum and Gold Gold’s vulnerability, in theory at least, is the fact that it has gone hand in hand with something that is stretched…
You may or may not know that I consider Bob Hoye an influence of mine. Many years ago his views, especially about the proper fundamentals for the gold mining industry,…
I found this pretty humorous since I am personally printing a big loss on my TBT position. He's making even better bank today if he held it. Still to be…
Amazing isn't it? It was only back in H2 2018 when everybody but you (because you are as smart as I think you are or because you read NFTRH or…
When deflation is in the air you have people getting hysterical about negative interest rates and safe haven Treasury bonds. You have people telling us that the long awaited financial…
Just another episode of that slow-moving macro drama, 'vs. Gold' (using ETFs). Spoiler: the bottom line about the pictures below is that we are still signaling counter-cyclical and we are…
Over the years we've made a pretty big deal about how the herds get put off sides in bonds prior to macro cycle changes. The 2008 deflationary event put 'em…
A vampire needs to be invited in order to enter your house. So the story goes. But in this case, we are talking about the Macro house, with its nexus…
The charts are super interesting to look at. How quickly things turn, as if on a dime. 2018 featured a break above the Continuum's limiter and folks, you and I…