3 Metallic Amigos weigh in amid COVID-19 scare, post-Fed mini panic
Here are the daily and weekly futures charts of the Amigos, which were live as I saved them a few minutes ago. Click for larger, clearer views. Monetary Amigo with…
Here are the daily and weekly futures charts of the Amigos, which were live as I saved them a few minutes ago. Click for larger, clearer views. Monetary Amigo with…
The Amigos check in with their futures charts as follows on this day of market relief sweeping the globe. And I don't say that derisively or dismissively either (cough cough...…
Pancake... err, Yellowcake is not distinguishing itself as the Uranium sector's ignominy continues after not even participating in the recent global macro bounce-a-thon. Copper miners have failed the bounce along…
The metal with the Economic Ph.D. has cracked support at 2.75 (which includes the SMA 50), turning it to resistance. It's at a short-term support area at the SMA 200…
Why not add copper to the CoT readings since it is an important Amigo for indicating cyclical reflation trades? Note that these are just the raw numbers for the weekly…
The Nasdaq bubble popped in 2000 after motoring upward on increasing volume in two separate phases. Volume rammed upward and RSI diverged. Like shootin' fish in a barrel it was,…
This morning in the futures market the Amigos are still showing a cyclical bias with copper remaining plucky in its rally as the US and China put the trade war…
First, the Amigo that usually does not benefit from war, terror or pestilence after its initial impulsively bullish reactions. There's always a first time, and it is a new bull…
At the dawn of what is going to be a hyper-interesting year in the markets and in society, let's see what the lovable and goofy Amigos have to say. As…
Since the macro often gets its pants in a bunch over FOMC, let's see what these 3 economic metals have to say about the Fed's nothing burger yesterday. Let's use…
As they ride off to their respective gatherings let's get an update from the metallic macro Amigos. The counter cyclical Amigo has existed outside of the small bear flag since…
First off, if I am a precious metals bear I am just a bit taken aback that my post about the short-term bear flags in gold and silver was received…
A fairly well known man who stares at charts (and usually predicts macro doom) in the gold "community" has suddenly seen positives going on in the cyclical world (the charts…
This morning in pre-market the Amigos' futures charts update the macro story... ...which goes something like this... Copper, the cyclical Amigo (weekly chart) has furthered the intermediate trend line break…