NFTRH 893 This Time the Silver Hype Has Macro Backing I added to my PSLV position way up here in blue sky because of the bigger picture macro, not because…
NFTRH 891 Silver, Silver/Gold & Party Time Well, it happens. There will be times when my favored scenarios do not play out. In the current case, one of three possibilities…
As the broad stock market party continues apace, our little precious metals patch is trying to terminate its correction. Yesterday, we noted some important internals, and this morning in 'pre',…
Please be aware that this is an update by a guy trying to figure things out when there are so many options and moving parts. Let's define some of what…
Virtually everybody, including your letter writer, expects the Fed to hold this week amid clear economic deceleration signals. Here is CME's current expectation. After this week's FOMC meeting, the wise…
This FOMC day feels different than those we've had all year as the Fed leaned into its dovish stance with the diminishing of inflation signals and oh yes, the oncoming…
The Fed Funds Rate is being guided down by the 3mo. T-bill yield, while the 2yr yield rises CME wiseguys are 95% sure of a .25% Fed Funds rate cut…
First off, I don't love that a majority of CME traders now expect a 50bp cut today, because it leaves wiggle room for the Fed to serve agenda, should it…
The New York Fed's September Empire Manufacturing Survey trends back to positive My economic thesis is for contraction and a counter-cyclical environment. So the September Empire Manufacturing Survey flies in…
As FOMC readies another rate decision, its irrelevance has never been more apparent I started my market management service in 2008 with the imagery of renowned children's fantasy, Alice In…
The USD breakdown is being tested with a bounce, as expected Kind of an important juncture during kind of an important week, wouldn't you say? The still-hawking, backward looking, tardy*…
As FOMC readies its .25% rate hike today… In 2021 and 2022 we called the Federal Reserve "tardy" on several occasions as they doggedly held to their "transitory" inflation stance…
It appears another FOMC was used as a reason to bull the markets (on hopes about a softening Fed) and then drop the markets (on dashed hopes). Gotta love those…
