This is the night we ride…
This ain't the garden of Eden There ain't no angels above And things ain't what they used to be And this ain't the summer of love Lock all your doors…
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March 19, 2020
Gold is Tanking!!
Side note disclaimer: I covered shorts in gold this morning. I think it could go lower nominally, but I don't care. Anyway, on with the post with a tongue planted…
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March 12, 2020
Both Horsemen Riding South After Fed Rate Cut
Amid Friday's carnage we noted that curiously, only 1 Horseman (the Gold/Silver ratio) was riding northward (although it had made a reversal from the highs) while the other, the US…
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March 3, 2020
All You Ever Wanted to Know About the Gold/Silver Ratio (and more)
Wheaton Precious Metals Goes Full Macro Nerd Not Random: The Gold-Silver Ratio I happen to have WPM as a core precious metals holding. But in this case they are a…
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February 5, 2020
Gold/Silver Ratio Makes a Move
The Gold/Silver (GSR) ratio has followed the slight bias toward gold and broken upward. What's more, the US dollar remains firm but the Yen is weak. So there is somewhat…
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January 28, 2020
Gold/Silver Ratio, SPX, Yield Curve and a Story to Tell
I most often use linear scale charts for stocks, markets and indicators for their more absolute views. But in the case below we conjure up a long-term log scale chart…
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January 24, 2020
The 2 Horsemen
Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor…
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November 11, 2019
A Look at Some Damage as the 2 Horsemen Ride
As is usually the case if these riders are going to change the macro the damage starts at ground zero, the precious metals sector. Here is the Gold/Silver Ratio (GSR)…
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September 4, 2018
Gold/Silver Ratio & USD: 2 Horsemen to Ride Again?
A concurrent rise in the Gold/Silver ratio (GSR) and US dollar can be a bringer of death and destruction to the macro, after it wipes out the precious metals, commodities…
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September 4, 2018
Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride?
In line with our bullish forward view on USD, behold the very bearish state of the Commercial Hedger positions in the Euro (courtesy of Sentimentrader). Recent historical data speaks for…
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June 23, 2017
Uncle Buck to Ride w/ the Other Horseman?
This is the standard weekly chart of the USD index and USD vs. other currencies reviewed each week in NFTRH. We also use a daily version to tighten the focus…
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June 15, 2017
Gold/Silver Ratio: Everyone Out of the Pool?
Some people ride through corrections, others sell everything and still others do some form of mitigating and hedging. Regardless, the water in the pool has a little turd floating around…
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June 12, 2017