Commodity bulls are running rampant. It's "inflation all the way, Baby!" and everybody knows this. There are jingles and promotions aplenty out there, of everything from the latest alt. coin…
The indication from the metals is cyclical, pro-reflation and inflationary You cannot look at this chart and claim that the backdrop is not still firmly cyclical as the reflation created…
In yesterday's Trade Log I noted a gut feel that the pullback/corrections in the reflation trades may be ending. Exhibit A: The Copper Miners ETF, COPX. I see this bullish…
The headline industrial metal, Copper, in relation to the precious metal, Gold, has been rising for a year now. You, I and Captain Obvious know this. The herds are now…
The reflated raft of assets floats one way, gold the other It's simple. Everything is herding in the northerly direction at the behest of the Fed's anti-USD monetary policy as…
Just kidding. Warren Buffett's Berkshire Hathaway may or may not own copper stocks. I did not dig deep enough to find out. For the purposes of this post it does…
As the CRB index (monthly) pokes through long-term resistance at 185... ...copper (daily) pokes a new high in its cyclical bull market. The monthly chart is a reminder that there…
"Copper is bullish" (Captain Obvious) From Kitco, copper inventories continue to drain down and that is price-bullish (also Captain Obvious). This morning the Copper price is ticking a new high…
As the inflation continues... We find charts doing exactly as would be expected under such circumstance. This weekly chart shows Long-term Treasury yields rising in conjunction with inflation expectations (TIP/TLT)…
Indicators of and markets sensitive to the reflation instigated by ongoing inflationary operations continue to trend upward Today, as job growth rebounds (if you can call this a rebound), we…
The reality, which gold bugs need to accept, is that cyclical inflationary forces are still dominant Not many market or economic indicators are clearer in indicating a cyclical vs. counter-cyclical…
A look at this morning's futures with brief thoughts on each. The US dollar index is down again, to 89.38 with the next support target at 88 +/-. That is…
This morning's futures charts of the Copper/Gold Ratio... Copper/Gold (daily) has been quite a star during the rally built off the back of the devaluing US dollar. That is as…
Metals Ratios Continue to Indicate Inflation And that is welcome for monetary and fiscal policymakers of course, since inflation is the only trick they have up their sleeve to bail…