NFTRH 703, out now

Aye aye aye, it’s good to be back at my work station. But its nice out and I need some exercise, so here’s the screenshot to hint at NFTRH 703’s (IMO) very helpful contents. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade … Continue reading NFTRH 703, out now

Sitting at a gate at JFK, man stares at the Gold/Silver ratio

Our flight back from Key West had a detour as jets cannot fully fuel up in Key West due to its really short runway (you should see how they slam on the breaks and stop these things abruptly when landing) and Boston weather said ‘take no chances’. So we’re sitting, sitting and sitting some more at JFK waiting to finish refueling. What to do? Sit, … Continue reading Sitting at a gate at JFK, man stares at the Gold/Silver ratio

NFTRH 696, part 1

I have decided to do NFTRH 696 in increments, as events unfold. In the first increment I want to note that USD and the Gold/Silver ratio are not confirming bearish as war rages and FOMC lurks (March 16). US stocks have been bouncing – in what could be a perceived flight to quality – as the balance of world markets (ex-US) drops heavily. Germany, for … Continue reading NFTRH 696, part 1

Gold/Silver Ratio: “Slowly I ‘toined…”

The turn upward in the Gold/Silver Ratio has brought a degree of market upset The question now is whether that is all. Was the GSR simply forecasting Evergrande and associated systemic hype or something worse? And by “worse” I don’t mean the Fed pretending that it really wants to start tapering and go hawkish. As belabored often, the Fed was forced into a hawk suit … Continue reading Gold/Silver Ratio: “Slowly I ‘toined…”

NFTRH+; “the Gold/Silver ratio is driving this bus”

A subscriber asked me in a Twitter private message (which you are more than welcome to use if you are a tweeter and would ever like to ping me about something) about what role I think China’s debt-choked Evergrande may have in the Gold/Silver ratio’s rise. My quick response… It sure has a role in it. It’s [the instigation of the GSR] a collective thing … Continue reading NFTRH+; “the Gold/Silver ratio is driving this bus”

NFTRH; Market signals falling into place, short-term (w/ gold stock side note)

As you know, I have had a bit of a mental whipsaw between the right side shoulder of the (monthly) 30yr yield Continuum (one indicator of inflation) and the duo of the rising Gold/Silver ratio (GSR) and USD (indicators of liquidity contraction). The question is for all the macro marbles, so to speak. The theory being that if/when the inflationary mindset (expectations) and reality resumes … Continue reading NFTRH; Market signals falling into place, short-term (w/ gold stock side note)

2 Horsemen

Gold/Silver ratio and USD, updated Come on you two, let’s get this done. Let’s destroy every dogmatic, autopilot flying inflation tout on the planet. At least temporarily before they and their herds magically regenerate with new slogans, bromides and buzz phrases from Austrian Economics 101, when the Fed finally complies with the market at some future date.* Rider #1 has long since taken out the … Continue reading 2 Horsemen

Gold/Silver Ratio to the world: “anyone listening?”

Gold/Silver ratio indicates waning market liquidity Since its fellow rider, the much reviled US dollar, is also still in rally mode the implication of the Gold/Silver ratio ticking a new high for its cycle is a negative thing. The negativity usually starts, handily enough, in the precious metals. Then if the 2 Horsemen keep riding their traditional route the liquidity drainage hits commodities and resources. … Continue reading Gold/Silver Ratio to the world: “anyone listening?”

NFTRH+; 2 Riders

The 2 Horsemen of the (would-be) Apocalypse have been delayed, if not rescheduled. Review: When the US dollar and Gold/Silver ratio (GSR) rise (ride) together the implication is market liquidity removal. This would be completely consistent with the “summer cool down” phase we anticipated and have managed. If the riders hold serve and rise anew, let’s watch for liquidity stress. On the other hand, if … Continue reading NFTRH+; 2 Riders

NFTRH; USD & Gold/Silver Ratio

Our operating plan is for the summer cool down (mini or maxi) to be driven by the anti-market (USD) and its fellow rider, the Gold/Silver ratio (“metallic credit spread” indicating loss of liquidity & risk ‘off’ when rising). To this point, a rally in USD has been subject to the neckline of an inverted H&S pattern, which is a bullish pattern if the neckline is … Continue reading NFTRH; USD & Gold/Silver Ratio

NFTRH+; USD (DXY) & GSR status [w/ edit]

Today I added another EUO position, which is in essence my strong dollar position [edit: also added strong dollar fund UUP in after-hours]. The reason being that USD (DXY) is taking another shot at the neckline (ref. the potential inverted H&S we’ve noted in NFTRH 662 & 663). The futures chart shows the objectives should USD take out the blue dashed neckline and the March … Continue reading NFTRH+; USD (DXY) & GSR status [w/ edit]