Oncoming gold stock bull

As the proper macro fundamentals for gold mining grind into place… The real price of gold, as represented on the chart below by gold in relation to commodities, is constructive to have bottomed. As inflation expectations continue to fade with the Fed still in hawk mode this should continue, in order to confirm a bottom. A majority of gold bugs seem to think that gold … Continue reading Oncoming gold stock bull

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 gold stocks, Energy and the proper macro fundamentals for the gold mining sector: In my experience gold stocks will… they can paint ugly charts and then follow through on those ugly charts. But when a … Continue reading Gold miners watch the “last inflated man standing” start to fail

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 Fed wants (needs). CRB index is still on trend, Oil has a chance to crack here, Industrial Metals (headlined by Doctor Copper) have long since broken down and the Ags are creeping a rally up … Continue reading The ‘Continuum’ and its fellow travelers

Commodity tracker dunks below the SMA 200

Commodities are starting to crack Disclaimer: commodities are notorious for rotation, as if the hedgies, quants and black boxes are playing Whack-a-Mole, roving the landscape rotating to the next play before they leave it high and dry. But here is the CRB tracker DBC doing something pretty notable, don’t you think? Even as DBC has out-performed the broad SPX since July (lower panel) its nominal … Continue reading Commodity tracker dunks below the SMA 200

NFTRH 721

It’s time for another online edition so that I can more comfortably streamline, talk a little more casually and get more done sooner on a holiday weekend. Daily market viewing vs. larger trends I know I am not the only one who gets mentally whipsawed and tossed about sometimes on the market’s daily moves. Yesterday’s post-payrolls reaction, for example. I held SPX short fund SPXS … Continue reading NFTRH 721

NFTRH 720, out… yesterday

I completely spazzed on putting up the promo post yesterday. So this morning I’ll announce that NFTRH 720 got down to brass tacks and updated the current market situation as I personally sit mostly in interest paying cash with all the patience I can muster. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly … Continue reading NFTRH 720, out… yesterday

Inflation Trade Echo

Commodities get a second wind As illustrated in an earlier post, commodities and inflation trades in general are getting relief right in line with recovering indicators like the Copper/Gold ratio. Makes sense for now. As for later, be prepared is all. Today Thing 1 (commodities) are doing as implied by Thing 2 (30yr Treasury yield). Base metals are bouncing, Energy is ripping again and the … Continue reading Inflation Trade Echo

NFTRH 717, out now

NFTRH 717, 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 Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all options … Continue reading NFTRH 717, out now

Inflationists pressuring gold mining stocks

As inflationary pressures ease, inflation-centric gold bugs do the wrong thing It is ridiculous, but they are out there, en masse. They buy gold stocks for the same reason they buy oil, copper and other cyclical and more inflation sensitive commodities. They are the inflationist gold bugs and they follow the dogma of their influencers, with no second level thinking. No critical thought or logic. … Continue reading Inflationists pressuring gold mining stocks