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…
As usual, the counter-cyclical Amigo, the swinger Amigo and the cyclical Amigo tell their macro stories. Gold (counter-cyclical), which would benefit from a risk 'off' lurch by casino patrons, has…
Copper price... 2.50 Take out the SMA 200 Next up is resistance at 2.62. I have to say, the good doctor has been impressive. Downtrend or not, these pigs are…
Continued relief or more pain to come? That is the diagnosis for which Doctor Copper will write his next prescription. Here we have the Cu futures taking out 2.50 and…
With the US dollar breaking down the reflation lives on for another day. One aspect of that is the copper price, which has bumped its way to 2.50, the first…
Well if this is not a decision point I don't know what is. USD index is making a hammer candle right at the last ditch support line we've been watching.…
A pre-market snapshot using daily charts of key items. Gold continues to dwell in a longer-term resistance zone after holding support yet again. Trends are up and the pattern targets…
Policy makers are trying to manufacture is a cyclical inflation. A prime indicator to the success of such operations would be bullish copper. Now it gets interesting as the good…
We had the bear viewpoint correct and sure enough, the good doctor finally explored the depths of the Air Gap (and then some). We had the reflationary bounce correct too.…
This morning I made the mistake of venturing out to the gold websites, where I found Mr. Clive - Man Who Stared at Charts in November and reversed a wildly…
I guess I am making up for a lack of posting the last couple days. Sometimes I need extra time to decompress after the weekend work. Today the Amigos tell…
Gold: Counter-cylical Amigo Silver: Counter & Cyclical transvestite Amigo Copper: Cyclical Amigo Using daily and monthly charts we catch up with the 3 Amigos to see what they indicate. The…
My view is that we are going to exit the deflation scare in favor of an inflationary/stagflationary future. Monetary and Fiscal policy bombs say so. The Fed's printing of funny…
Better yet, don't avert your eyes. You need to see this. The pictured Amigos seem of a different, more innocent time. See their wackiness. See them smile. See them full…