Copper makes the headlines, but GYX has been bullish all along; gold awaits its time as the message from metals land is bullish, risk 'on' and cyclical While copper went…
Let's take a look at the headline industrial metal, copper. After a fake below the most recent bull flag/correction channel it has popped back into the flag. Key resistance to…
The indication from the metals is cyclical, pro-reflation and inflationary You cannot look at this chart and claim that the backdrop is not still firmly cyclical as the reflation created…
Metals & Mining SPDR vs. Gold Mining XME includes base and precious metals miners and also service centers and other related businesses. It's a broad view of mining with a…
The daily chart shows the industrial metals still in pro-cyclical bounce mode vs. gold, while the Pd/Au ratio has long since collapsed. The weekly chart is not so friendly to…
Pancake... err, Yellowcake is not distinguishing itself as the Uranium sector's ignominy continues after not even participating in the recent global macro bounce-a-thon. Copper miners have failed the bounce along…
[edit] The degree to which gold has been bent out of shape by the drone strike and subsequent war drums informs Thing 2. But every day further from the event…
This post actually furthers a response to a colleague who wondered why I look at silver so closely instead of just industrial metals vs. gold. The answer I'll note here…
While saving the Silver/Gold ratio charts of the previous post into a chart list called Key Macro Indicators, I saw this old chart sitting there and thought it a good…
Here is a weekly chart from NFTRH's Market Internals segment showing Copper and Industrial Metals vs. Gold. In other words, showing cyclical metals vs. the metal of relative counter-cyclicality. The…
[edit] Also see this post on inflation/deflation excerpted from NFTRH 525, hot off the presses. Crude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart…
It sure is not positive economic - or for that matter inflationary - signaling as Industrial Metals lose the short-term consolidation and break down on Monday and Tuesday. That also…
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)…
So the Trade War Food Fight (TWFF) has hammered Doctor Copper and his Industrial Metals pals of late, along with the strong dollar (now taking a much needed pullback). But…