The copper price is testing daily chart support It's not just copper that is calling the inflation-fueled reflation view to task. Long-term yields and 'inflation expectations' gauges are as well.…
Copper price nullifies daily chart breakdown Last Monday we noted that copper was intact on the bigger picture but breaking down on the daily chart. Then on Tuesday we asked…
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…
"Copper is bullish" (Captain Obvious) From Kitco, copper inventories continue to drain down and that is price-bullish (also Captain Obvious). This morning the Copper price is ticking a new high…
Indicators of and markets sensitive to the reflation instigated by ongoing inflationary operations continue to trend upward Today, as job growth rebounds (if you can call this a rebound), we…
The current macro theme is an ongoing inflationary reflation that will one day meet its end and morph into another liquidation along the Continuum (caution about that is currently targeted…
RINF (inflation expectations) has sagged to its trend marker (SMA 50). As has TIP/TLT. While the heretofore inflation signaling yield curve has also eased a bit. The wild card here…
This morning the Silver/Gold ratio is ticking a new high. I have a shtick called the 3 Metallic Amigos, where Gold, Silver and Copper give different indications on the macro…
Generally speaking, the reflationary crap is getting bid and safe havens, Covid stocks and Tech leaders are halting or pulling back. In other words, risk is impulsing 'on' today in…
The ratio between the silver price and the gold price is one of the two most important indicators (at least in my work) to the fate of the reflation rally…
The president announced he is imposing tariffs on currency manipulators (which is a way of saying all nations with paper currency) and talked the USD down earlier, with FOMC due…
October came and went. It's now November 5th with holiday (and Wall Street bonus) season directly ahead along with the 1 year anniversary of the Christmas Eve massacre in which…
Note the word bounce, which in TA means what it sounds like... a bounce within an existing trend. Note the trends here by the slopes of the moving averages. I…