First off, you can review all of the CPI's details here, courtesy of Michael "the inflation guy" Ashton: Post-CPI Now back to the market indicators we have used to gauge…
There are crosscurrents in the futures this morning. The US dollar is up, commodities and stocks are down and gold and silver are making new highs and attempting new highs,…
There is Brexit hype over there, FOMC hype over here and poor payrolls, presidential election rancor and all sorts of other hype everywhere. But under the surface, whirring along, is…
In the previous post we see inflation expectations so well tamped down. In this post we look at silver's break out of a consolidation channel vs. gold. If TIP-TLT is…
This is pretty handy at the moment, I'd say. When there is "no inflation" (at least by gauges like this) that is the time that inflation can be promoted, eh?…
Wacky title aside, with nominal bonds and TIP bonds each rising and the TIP/TLT ratio still dropping, the indication is of course declining inflation expectations (and a lurch toward risk…
This is actually potentially beneficial for USD (in the very short-term) and future gold mining fundamental trends alike. It is also a potentially good thing for a future 'inflation trade'…
Well yes, we've been saying the word "inflation" a lot lately. Especially as part of the term "inflation trade". Post-Jobs "What does it mean? Well for one thing, the Fed…
After an interaction with an NFTRH subscriber (the ones with whom I have corresponded are so smart it can be intimidating sometimes) who debates the view of a pervasively inflationary…
[edit] Please see a new post with more perspective on a would-be 'inflation trade' and its limitations. The following excerpt is the opening segment from this week's edition of Notes…
45 pages and not nearly as difficult to get through as that sounds. Things seem very clear to me about what is going on with the macro backdrop. The May…
I don't write the title because the precious metals took off today on the bad jobs report. Far from it. That is what gold is supposed to do under such…
We have been noting that a 10 year break even rate of around 1.6% was the line in the sand on a continued 'inflation trade' after the bounce. The 10yr…
We looked at the precious metals miner ETFs on Tuesday and the status there has not changed. They are still below the EMA 12 & 20 but trying to hold the 50 day moving averages, which means they are still in short-term downtrends and intermediate up trends. For my part, I added a couple items on downside activity (explorer/developer PG.TO just above its MA 200 & royalty/streamer SLW at its MA 50s) but also still hold the DUST and JDST hedges, as noted in the NFTRH 397. This hedging, which sometimes proves unsatisfying could last hours or days. As noted in the previous update, the struggle to hold the MA 50s will decide whether it will have been a quick correction or something deeper.