Just doing the work and moving forward. NFTRH 705, out now. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need … Continue reading NFTRH 705, out now
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Cyclical copper is now signaling full on danger in its relation to gold The lowest low since February 2021 is being struck by the Copper/Gold ratio. And here’s the companion big picture macro chart for your viewing pleasure (or displeasure if you cling to the cyclical inflation view). For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes … Continue reading Copper/Gold ratio failure continues
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Just a heads up that a guy I’ve known of and respected for many years has been commenting on this post from Monday about the negative divergences to inflation: Not inflation friendly I note it because if one of the typical gold bug knuckleheads had shown up here I’d be disappointed. But a guy who goes his own way and calls it as he sees … Continue reading FYI, Rick Ackerman commenting here on gold (and Apple)
A few inflation unfriendly pictures while everyone huddles on that side of the boat I don’t know. Maybe they’ve obsoleted contrarian theory. Cancel culture and all. But just in case they haven’t there are these pictures to consider. There are more, but this gives the tenor of the situation from a contrary perspective. 2yr Treasury note is firm and diverging upward by RSI. Doctor Copper … Continue reading Not inflation friendly
Copper and copper miners breaking bad I looked at FCX and thought about buying it as it got dropped to a higher low at the SMA 200. Today it has dropped below it (still a higher low to January’s low). I’d be interested, except that the Copper Miners ETF looks even more suspect and the good Doctor himself is threatening a breakdown… DESPITE booming jobs, … Continue reading Copper, copper miners and the Gold/Silver ratio
Gold vs. risk ‘on’, cyclical items For you sports fans keeping track at home, here is the current view of gold vs. the (much) more cyclical stuff using GLD and various ETFs representing the other markets. It’s a daily chart and you can see gold’s intermediate trend by the SMA 50. For “best of breed” top down analysis of all major markets, subscribe to NFTRH … Continue reading Gold vs. Cyclical Asset Markets
Gold/Silver ratio breakout continues apace Slowly it toined (last week man stared at chart while stuck on an airplane at JFK, Brooklyn accent appropriately included)… …and today it continues to break upward. Folks, if you don’t have your chops in order about what an upturn in gold vs. silver, copper and the rest of more inflation-sensitive (and in most cases, cyclical) stuff means you should … Continue reading Not to be outdone, the Gold/Silver Ratio…
As the Copper price finally makes a move that could lead to implosion (this time?) It’s a hard break below the SMA 200 and maybe this time the good doctor will prescribe a counter-cycle. Not so curiously, gold is getting blown up this morning (not quite yet to our downside targets) but oh wait, look at the old monetary man vs. the inflated economic doctor. … Continue reading Doctor Copper: Finally the breakdown?
Aye aye aye, it’s good to be back at my work station. But its nice out and I need some exercise, so here’s the screenshot to hint at NFTRH 703’s (IMO) very helpful contents. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade … Continue reading NFTRH 703, out now
Gold is following a logical path in 2022 Reference this article posted on 12.30.21: 2022: The Golden Year Gold has done nothing unusual and in fact it has done as would normally be expected. In February it began to rally out of the base on the daily (futures) chart below. Driven by war (easy on the war, terror and pestilence bull rationales dear gold bugs) … Continue reading 2022: Still “the golden year”
Cu/Au bent but not quite broken Wallowing below the moving averages, the Copper/Gold ratio is vulnerable. It’s a vulnerability that has been in play before to no damaging effect to the cyclical inflation trades. But these things take forever (and a day) compared to our flitting brain waves firing off signals in real time. Once again, the ‘reminder’ chart about the big picture macro. The … Continue reading Copper/Gold ratio continues to be macro unfriendly
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