The rally in the SPX/Gold ratio is nearing a critical decision point From a post on the precious metals and the "new macro" in January: The 3 Snowmen and the…
NFTRH 913 Welp? "What're ya gonna do?" I've used this AI-generated guy lately to express my feelings on a couple different subjects. In this case, opening NFTRH 913, I am…
A macro view was discussed to close out NFTRH 912 as FOMC week begins... Excerpted from the latest edition of Notes From the Rabbit Hole: Fears about “inflation” the war-driven rise in…
NFTRH 912 Summary Precious Metals (bull market) Correction still technically in effect for gold, silver and GDX/HUI. Bounce hit and pulled back from a would-be point ‘B’ of a would-be A-B-C bull market correction,…
NFTRH 905 Diversity Working Thus Far My portfolios are constructed, theoretically, for whatever the heck is going to happen in the near-term. Gold stocks, Semi, Tech, a couple broader stocks,…
The view is and has been disinflation first, then a return of the inflationary macro Sometimes I feel as though I write the same public article over and over. But…
NFTRH 903 Huey, Dewey & Louie I've been trying to make heads or tales out of the near-term US stock market situation, looking at the still vulnerable NDX (QQQ), the…
NFTRH 899 Big Picture View (summary) Precious Metals: Gold, miners and especially silver are over-bought, at increasing risk of correction and flat out bullish. The view is that a coming…
The new macro features real assets over paper/digital assets I have harped upon the symbolic picture of the new macro since 2022. That was the year that the trend in…
NFTRH 886 Postscript: After completing #886 I want to call your attention to the bond market segment and ask you to consider, but not (yet) over-react to a nasty echo…
With the sector internals pulling way back from overbought and overdone, the BPGDM is frothy no more. That is no indicator of a bottom, but it is an indicator that…
Gold led the Precious Metals & Strategic Commodity Melt-Up and it's nothing like a bubble; it's a launch within a new macro Two things can be true at once. The…
NFTRH 871 This report abandons regimented format and gets right to the points it wants to make. There are important ones gathering and I want to make sure I am…
As you know, I have made a big deal about the positive macro backing a bullish view on gold stocks over much of the last year. That is well and…