The anticipated disinflationary phase is finally here Excerpted from this week's edition of Notes From the Rabbit Hole, NFTRH 921: Macro A hybrid “macro/sector fundamental” for gold stocks is the…
Precious metals risk/reward now positive as the Gold/SPX Ratio declines to target Risk in gold, the miners and especially silver was nosebleed high back in January. So much so that…
The scenario envisioned in the NFTRH+ update last Sunday is coming about. "It" being gold. "Right here" being the support level at 4250-4300 currently being lost. The 38% Fib (not…
Sticking with the traditional order of things, as opposed to the caveat noted in NFTRH 918 that silver could bottom first and lead, the usual order is gold bottoming first,…
NFTRH 917 This report started out like any other. A geek doing his geek-like thing, managing what has been a thus far successful market phase. But as the report wore…
Gold's leadership was on display last year, but it's a new phase in 2026 Before beginning this article, it is time to introduce a short note to precede my posts:…
We have been watching for an end to the correction in the complex, as would be led by silver. So let's update silver's status (as it gets hammered this morning),…
The Silver/Gold ratio exploded higher after a long post-crash base. "That is usually a sign that the basing phase is done and a up-phase is taking place." - Captain Obvious…
Macro shifts in favor of commodity related stocks This is not Grandpa's macro, and these are not Grandpa's commodities. The traditional commodity complex has shifted to more critical status, amplified…
The rally in the SPX/Gold ratio is nearing a critical decision point From a post on the precious metals and the "new macro" in January: The 3 Snowmen and the…
I went over to the Indicator Charts page and fiddled around a little. I added 50 and 200 day moving averages to the GDX/Gold ratio and came up with a…
Never mind the headlines, the US dollar and the Gold/Silver ratio will decide what's next The 2 Horsemen of the Liquidity Apocalypse, the US dollar and the Gold/Silver ratio, are…
Gold is not rallying with the war headlines, and that's a good thing Silly MSM, at it again. Taking your eyeballs for granted and trying to harvest them. Why gold…
As you know, the recent quarterly reports for the gold mining industry were expected to be quite positive, and they were. We viewed that as a "sell the news" possibility…