This morning in pre-market the Amigos' futures charts update the macro story... ...which goes something like this... Copper, the cyclical Amigo (weekly chart) has furthered the intermediate trend line break…
With all due caveat about the long-term chart and its still-intact downtrend, we note that the daily Silver/Gold Ratio is intact to its intermediate uptrend. We also note that there…
Daily Silver/Gold ratio (SLV/GLD) continues to cling to the story of a coming inflation situation as it also clings to the up-turned 50 day average. Monthly Silver/Gold... well, you know.…
They call copper the metal with the Ph.D. in Economics. But these days Doctor Copper is little more than a quack in that regard, taking a cue from the metals…
Gold and silver were updated in a public post yesterday. There has not been much change since then. Let's now focus on some sector macro fundamentals, leading indicators and the…
The cyclical Amigo, the counter-cyclical Amigo and the cross dresser Amigo. A weekly chart works best to make the point that copper is still struggling to hold critical support at…
The next recession won't be so bad. That's it, that's the prediction. But first... In 2012 the academic Campbell Harvey of the Harvey & Erb comedy troupe predicted gold was…
We had projected some issues for gold when a short-term top developed for long-term Treasury bonds due to the bound at the hip relationship between the two risk 'off' vehicles…
Ref. last night's post on the S&P 500. The longer the market remains weak, the further it strays from the prospect of a 2nd tap of the upper bound of…
A subscriber asks about the multi-year Cup & Handle in gold and what might be projected from it. I'll assume he means the smaller, more recent Cup, but for fun…
The daily futures (click charts for full, clearer view) show a pullback from resistance and a minor (don't let the hype freaks sure to come out of hiding fool you…
...and ready to strike as of Tuesday the 24th. They amassed heavy open interest and pressed the net shorts into the week's high, which was not so coincidentally the day…
The interplay between gold and silver is a critical component to understanding what is out ahead; to understanding whether long-term Treasury yields will rise and if they rise, whether it…
Interesting setups in the markets. The futures are positive this morning and though the markets have had a couple tough days the "drive to 5" remains on track. The very…