And here comes the volatility as gold firms and has likely made a bottom vs. silver. In NFTRH 613 we showed the Silver/Gold ratio at a limit point (or a…
Not only have gold and silver touched the target zones, they've smashed into and exceeded them. Gold hit 1974 (target: 1940) and silver hit 26.27 (target: 24-26). Unfortunately, they did…
Doctor Copper's daily chart situation got pretty hysterical, all the way up to the round number resistance at $3/lb. As you can see on the weekly chart, that round number…
An update to provide a view of the cyclical, pro-reflation metal (copper) vs. the counter-cyclical risk 'off' metal (gold), and also the Silver/Gold ratio, which as we know hit our…
Note: A reminder that I will be on the road today and tomorrow. So communication will be light at best. I'll be checking email occasionally. Copper (daily) dinged the round…
It appears that the downward market reversal on Monday was another sentiment resetting micro twitch after all. As noted, these happened fairly regularly in 2019. Inflammatory stuff gets in the…
Interesting charts this morning, pre-US open. Let's start with the metal that has been the star lately. That would be the good Doctor Copper. Daily copper took out what I…
Gateway or termination. Copper... Copper/Gold... JX/TSX... An end of summer 2020 price increase is coming. Subscribe to the value-priced NFTRH now to lock in the current rate for the life…
Without superimposing biased views on the situation let's just note that the copper price is breaking a trend channel line and eyeballing the bull pivot. This is sure to be…
Today another jobs report that was already in the bag on the inevitable economic bounce-back from deplorably bad readings has stimulated casino patrons finding it all too easy to be…
The daily chart shows the industrial metals still in pro-cyclical bounce mode vs. gold, while the Pd/Au ratio has long since collapsed. The weekly chart is not so friendly to…
Just thought I'd provide a look at copper, which is testing the very tentative 2.62 support level. So far the daily prescription is an ongoing uptrend from March. Weekly copper…
It's not me saying that. If this party goes full on punch bowl, so be it. But the daily chart of the Copper/Gold ratio says easy now casino patrons and…
Gold: counter-cyclical, risk 'off' qualities, defensive w/ some inflation sensitivity. Silver: cross dresses between counter-cyclical and cyclical, more offensive within the PMs, inflation sensitive. Copper: cyclical and sensitive to cyclical…