A brief snapshot of counter-cyclical gold's macro signals vs. other metals (and broad commodities) that are more positively correlated to economies, using weekly charts... Each week NFTRH updates many charts…
Roughly 24 hours before the latest great ‘decision’ gets handed down on whether or not the Fed is considering changing ZIRP-eternity any time soon I thought I’d put up a general update of various markets.
It is the same old theme for the S&P 500, with a sideways to up bias on the intermediate and slight downward bias on the short-term. SPX is grinding up and down every couple days and this is a market that people should stand aside from, outside of individual trades and long-term orientations taken for other reasons. This market is and has been going nowhere.
There is short-term and there is long-term. Short-term, an indicator of positive inflationary cyclicality looks set to bounce. Long-term, it is locked well below key resistance. Joining this long-term Gloomy…
A quick add-on to yesterday morning's update. While the US dollar declined and the TIP-TLT ratio, long-term interest rates, commodities and nominal gold and silver all rose along with stocks…
Here is the note from the email to subscribers that accompanied the full report... "I thought is was time to bulk up a bit to a 30+ page report this…
[edit] the post started as a simple thing and ended after getting way too involved. so much the better... An update of the situation on the Banks, the anti-Banks (gold)…
Following is a reprint of the latest free eLetter that you can sign up for as an introduction to Notes From the Rabbit Hole (NFTRH), our more in-depth market management…
This post means absolutely nothing other than to note that the May gaps have filled on GLD and SLV. This after the CoT's degraded, with silver's CoT looking deplorable as…
NFTRH has been noting throughout the gold sector rally that it was bulling with what was an expected 'inflation trade' bounce along with other 'anti-USD' stuff, namely commodities. This is…
It is too early to call it a confirmed breakout, but the Bank index has popped above cyclical bull market highs. Weekly MACD and RSI both look good. The monthly…
It is more important than usual to be fine tuned on exactly why the gold sector, rising as it is with the general 'anti-USD' trade, is different. We go into…
There are many more details and indicators that inform well balanced ongoing analysis, but the three scenarios below are the general options before us. Excerpted from this week's edition of…
Here is a weird looking CoT this week. Gold improves and silver degrades. Therefore by this measure I like gold better than silver. But then, that applies anyway. I don't…
In an update earlier in the week we noted that the preferred scenario of a USD correction might morph into a bullish consolidation in the form of an imperfectly formed Symmetrical Triangle.
Well, today Uncle Buck is dropping below the lower line and making a signal that our initial target of 94 (+/-), with its combo of a trend line and support cluster, is a good one.
