If you are like me you may have had some measure of mental macro whipsaw recently as the short-term signals bounce from disinflationary/Goldilocks to inflationary and back again. Fairly annoying.…
A daily chart view for short-term reference. Gold has bounced to the SMA 50 and resistance associated with that area. Option 1: Bounce failure. Option 2: Break on through to…
FOMC came. FOMC laid a .75% egg. FOMC rode off into the sunset until September. Meanwhile, signs of global economic contraction continue to crop up as the Fed fights the…
Gold thus far holds the support, which can be seen on a weekly chart per a July 21st update. Here is the updated daily for review. Silver is the precious…
A very simple update. This morning in pre-market the precious metals were tanking. Now? Not so much. Gold slammed the next support level we have noted at around 1680 and…
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…
Metals Commitments of Traders are contrary bullish The gold price chart is looking bad technically. But the gold CoT alignment, especially where the little guy (blue) is concerned, is contrary…
I added SLV in after-hours based on Silver (futures, weekly chart) proximity to the clear support zone from 18 to 18.60. I prefer the metal to the miners at this…
The target for silver is 18.25 per NFTRH 709 and this post. Just a reminder as the seasonal (30yr average) becomes favorable while the inflation bugs have been selling the…
This is how an inflation phase ends It's called the bust that follows an inflated boom. The US dollar and Gold/Silver ratio traditionally ride together to bring it on. The…
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The message is anti-inflationary Conveniently, with FOMC coming up on July 27th, inflation signals continue to unwind. Hmmm, and right into what on average is a seasonal low in the…
Back to the normal format after getting some important details and distinctions worked out in last week's more talkative edition. NFTRH 711, out now. For "best of breed" top down…
It talks a lot... For "best of breed" top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and…
The monthly chart of the silver price offers two alternatives Excerpted from NFTRH 709: Here is silver’s view using a monthly chart. To this point we have used a daily…