NFTRH 705, out now

Just doing the work and moving forward. NFTRH 705, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need … Continue reading NFTRH 705, out now

US & Global stocks, bonds, USD, precious metals & commodities

A general update of a macro in transition Detailed work, which got us to this point intact, if a little frustrated*, is done in NFTRH reports and updates. But it’s always handy to have a general summary view of macro markets. So let’s get to it. * Reference this post done while sitting with a flight delay at JFK managing the breakout in the Gold/Silver … Continue reading US & Global stocks, bonds, USD, precious metals & commodities

NFTRH 704, out now

It’s a bear market in stocks. Captain Obvious speaks. But there are potentials within that. Potential for a dispiriting crash, potential for a confounding rally and potential for a moderate (but still painful for over-exposed bulls) bear cycle rather than all out Armageddon. On the big picture more and more of the global macro is failing. Commodity bulls are losing the firm ground beneath their … Continue reading NFTRH 704, out now

Gold vs. Cyclical Asset Markets

Gold vs. risk ‘on’, cyclical items For you sports fans keeping track at home, here is the current view of gold vs. the (much) more cyclical stuff using GLD and various ETFs representing the other markets. It’s a daily chart and you can see gold’s intermediate trend by the SMA 50. For “best of breed” top down analysis of all major markets, subscribe to NFTRH … Continue reading Gold vs. Cyclical Asset Markets

NFTRH 703, out now

Aye aye aye, it’s good to be back at my work station. But its nice out and I need some exercise, so here’s the screenshot to hint at NFTRH 703’s (IMO) very helpful contents. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade … Continue reading NFTRH 703, out now

Copper/Gold ratio continues to be macro unfriendly

Cu/Au bent but not quite broken Wallowing below the moving averages, the Copper/Gold ratio is vulnerable. It’s a vulnerability that has been in play before to no damaging effect to the cyclical inflation trades. But these things take forever (and a day) compared to our flitting brain waves firing off signals in real time. Once again, the ‘reminder’ chart about the big picture macro. The … Continue reading Copper/Gold ratio continues to be macro unfriendly

As the Continuum leads commodities upward…

As long-term Treasury yields lead the inflation trades… Let’s remember that the Yield Curve is once again steepening and a new steepener can be inflationary (likely von Mises crack-up style), deflationary (where everybody would get caught off sides) or a combination of both before one economic condition wins out. An inflationary steepener would not be inconsistent with a continued rise in the Continuum and a … Continue reading As the Continuum leads commodities upward…

NFTRH 702, out now

The screenshot tells some of what’s in the report but fails to mention the heaping helping of precious metals and commodity/resource stocks also included. NFTRH 702, doing its job of ‘top-downing’ the macro in a quality manner, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and … Continue reading NFTRH 702, out now

NFTRH 701, out now

Look into the eyes of the hawk. Think about how the hawk has dragged its talons all along the way to inflationary overload. Now the hawk speaks after the indicators have been shouting for months. Silly hawk. Silly, damaging, eggheaded Keynesian hawk. Angry? Nah. Frustrated? Yes, I was a little bit last week. Good report this week? Yes, fun to write and helpful to boot. … Continue reading NFTRH 701, out now

NFTRH+; status of gold ratios

Here is the updated picture of the macro we want to see engage for a clear bullish macro-fundamental view of the gold mining sector. Gold/SPX is constructive to have bottomed for its pullback/test. Follow-through up and away from the SMA 50 is needed. Gold/ACWX (global stocks) is closer to doing what we want to see Au/SPX do. Gold/CRB index is still going nowhere, however… It … Continue reading NFTRH+; status of gold ratios

NFTRH 700, out now

700… hmm… For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down) or see other options. Keep up … Continue reading NFTRH 700, out now

NFTRH 697, out now

Just doing its job keeping us right with the markets’ (plural) probabilities as usual. NFTRH 697, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if … Continue reading NFTRH 697, out now