Inflation Trade Echo
Commodities get a second wind As illustrated in an earlier post, commodities and inflation trades in general are getting relief right in line with recovering indicators like the Copper/Gold ratio.…
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August 24, 2022
As global shipping costs plunge
Global shipping prices are dropping while commodities and inflation expectations remain aloft When viewed in the context of history, it's not something that makes sense right now. Global shipping costs…
August 16, 2022
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Enter the Jawbones [w/ edit]
FOMC is 1.5 months away but the jawbones interfere with markets at will [edit] I actually got up on the wrong side of the bed, so I am not my…
August 2, 2022
Inflationists pressuring gold mining stocks
As inflationary pressures ease, inflation-centric gold bugs do the wrong thing It is ridiculous, but they are out there, en masse. They buy gold stocks for the same reason they…
August 1, 2022
Bonds continue to indicate contrarian potential
As the almighty Fed (of Oz) prepares to render its decision... Treasury bonds continue to hammer out interesting daily chart patterns. Some notes on this... The daily charts say one…
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July 26, 2022
Doctor Copper, Old Man Gold and a deterioration of inflated markets
The copper price is tanking, and not just nominally As the upcoming FOMC is forced by market signals to keep its hawk suit on (as of today 54% of CME…
July 15, 2022
NFTRH+; the favored plan lives
Yesterday's little contrary CPI bounce has failed as of pre-market this morning. Stocks (ES, NQ, Global) are down and base and precious metals are down as well. They of the…
July 14, 2022
NFTRH+; Contrary to today’s CPI…
CPI came out and it was a humdinger! Okay, that hype aside, the play is for a top in inflation hysteria and while the signals have been waning for well…
July 13, 2022
Epic (CPI) Inflation!!!!
Another CPI report, another big inflation headline All I can say (publicly) is that we are on track. I was actually concerned that today's headline might be the opposite of…
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July 13, 2022
NFTRH; Talkin’ gold (and copper) miners
Gold stocks have been getting sold along with the segment that they should not be overly associated with but unfortunately, are. That is the cyclical inflation markets like commodities, resources…
July 12, 2022
What does the T-bill see that the ‘inflation expectations’ ETF does not?
The T-bill yield continues to ramp upward as inflation expectations pull back The 3 month T-bill yield (green) had been one of our guides demanding that the Fed get its…
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July 12, 2022
NFTRH 713, out now
#713 is out and I've gotta run for one of a string of commitments lined up before me this summer. For "best of breed" top down analysis of all major…
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July 10, 2022
Gold price is spiking!
Gold's stock and commodity adjusted prices are spiking The nominal gold price is not only going nowhere; it's fading bearish on a daily chart view. Gold is experiencing selling pressure…
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July 5, 2022
Gold vs. cyclical and more inflation-sensitive markets
Gold's ratios to cyclical markets continue to pivot Just an updated picture of the macro pivoting toward what will be a positive fundamental backdrop for gold mining. The holdout continues…
July 1, 2022