Yesterday we updated the hit to the miners and that update still looks valid. It looks like the reaction is just that, a reaction. But also note that the miners…
There seems to be a cottage industry out there, led by a very smart man with a very smart computer, who calls anyone who says anything bullish about gold a…
As posted at Biiwii... Improving Macro Backdrop In light of a shifting global macro backdrop that we can finally sink our teeth into with respect to a bullish orientation on…
There is a lot happening across global financial markets. We go in depth into US stocks, review global stocks, make sharp points about commodities, cover macro indicators in depth and…
US Stock Market The stock market is down again in pre-market. We are at a point where technicals will start breaking down or another big bounce reversal will begin. For…
With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture. Here are views on various markets (with limited commentary) by way of some NFTRH monthly charts.
Let’s start with currencies, since they are a reflection upon global policy making, which has been unprecedented in its direct market interference over the last few years.
Nominal Charts – Currency
We noted the hot air patch in the Canada dollar last year. I had thought CDW might stop and find support at 85, which is a measurement from the topping pattern; but so far, no dice.
Fellow commodity currency Aussie is at what should be a strong support zone.
[edit] evidently my uninformed use of stockcharts.com’s symbol for the Rupee is incorrect. I have had input that this chart is an inverted view of Rupee-USD. Looking into this.
Gold poked above the SMA 50 and 1200 level. This is its minimum requirement to get bullish. Above 1240 and then 1260 would be very constructive. Gold has taken on…
Some really important charts to interpreting the macro... Sorry sports fans, but gold has still not established a daily up trend vs. the US stock market. Not yet. Gold vs.…
Just FYI, a little exercise on some financial topics. By Google Trends at least, the stage is setting up for a contrarian, counter-trend bounce in precious metals and commodities in…
[edit] okay now they are flirting with abnormal I know it sounds weird on a day when gold bugs are being scattered back down Hamburger Hill, but gold (GLD) is…
Just an FYI that silver is still leading gold on the short-term and the ratio is above the 50 day moving average.
US Stock Market
After a whipsaw on Tuesday the market made a hard move down yesterday. Amid degrading indicators like bond spreads and sentiment, the Dow and S&P 500 declined over the last 3 days from all time highs.
Our parameters between normal and abnormal are very tight. Let’s check up on them.
Gold vs. Oil... Silver vs. Oil... Gold vs. Commodities... And finally, an important one; Silver vs. Gold...
As surmised in the subscriber update posted just after the 'Jobs' report, jitters about interest rate hikes are bubbling to the surface in the T bond market. This may also…