Another routine technical update of the precious metals, with all items on track to the bounce projection. Gold is slithering along the upper bound of the downtrend channel that is…
Stagflation, Coal style My definition of Stagflation is 'inflation that works to impair the economy' (as opposed to appearing as a benefit as it does early on) and the problem…
What is still only a routine and thus far healthy correction for stocks grinds on. As would be expected, gold is firmer with this backdrop of angst. However, it still…
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As a core inflation number comes out today and causes some market hype, as per usual the gold stocks are doing nothing. Considering the state of mining cost drivers like…
Silver is more inflation sensitive than gold. Post-FOMC macro has pivoted toward the inflation view as noted in NFTRH (with a couple contrary caveats still in play). Thus, it would…
With the understanding that the precious metals are still trending down by daily charts and the broader markets are still trending up, here's a dialed-in look at some day trader…
The Copper/Gold ratio remains at a key decision point Gold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it's going to…
A lot to discuss about the macro market and its signals, but I'll save it for the weekend. Right now let's zoom in on gold and silver, and reaffirm what…
Gold/CRB ratio indicates a positive risk vs. reward for gold over commodities Most of the 2020 risk in Gold/CRB has been bled out over the last year. Sure, the ratio…
[edit] Of course, every big buy in gold is a "whale purchase" or some other legit sounding thing while every big dump is a "paper sale!" to manipulate the price…
HUI's bounce has come to its first key level. Here resides the down-sloping SMA 50 and lateral resistance. This was the minimum bounce objective and it could halt the bounce.…
[edit] heading into the open DXY has taken back the SMA 50. FYI... Daily chart technical snapshot of some key items Gold is testing Friday's break above the SMA 200.…
With all due caveats about seasonal averages (these cover 30 years) and the variations from them in any given year, below are the facts of what these commodities have done,…