It occurs to me that in public writing I tend to bludgeon people with macro fundamentals (like gold vs. positively correlated markets, yield relationships and even confidence in global policy…
It's another week further into the macro backdrop that we have worked hard to anticipate for a long while now. Anticipation is one (sometimes frustrating) thing, but 'actionable' is quite…
We had a market break last week and that is all I ask for, a market in motion. When in motion, support and resistance parameters can be drawn and the…
A 13 page add-on to the NFTRH 354 online edition was just emailed to subscribers. Fills in some more color on what may look like an uninteresting backdrop, but what…
These range from suspect to outright ugly. Somebody had better start buying up Junk Bonds. Meanwhile, Treasuries are getting a bid and inflation is nowhere to be found. Goldilocks however,…
Treasury yields are rising with the spread between the 10's and 2's also rising. That continues the recent short-term trend. The longer this keeps up the closer we'd get to…
A geek looks upon the chart below in amazement as the daily patterns in 3 different items combine to send a message. Now, what is that message? Inflation expectations are…
Yesterday we illustrated why it was premature to get all hyped up on bond yields. Today they are dutifully dropping. Here is a look at some of the suspects. The…
Amidst an economic backdrop in the US that continues to very gently decelerate, we have a celebration of what was perceived by the market as a dovish Fed. Anxiety had…
Usually on Wednesday mornings we do a standard ETF update. But given the interesting things happening across several markets, this morning I thought I’d do a freer flowing update.
Another solid report this week. I know that because it helped me out yet again in trying to understand all the components in play across markets; all the tops spinning…
A snapshot of current daily technicals…
Precious Metals
GLD continues to rise toward the measured target around 128, where it would be over bought. Support is 117 to 119.
A snapshot of current daily technicals…
Precious Metals
GLD broke back above the first key support level. 120-122 will be a big test. A rise above 120 would put in a short-term higher high to go with the recent higher low. 114 is where key support begins.
