The US government finally got together on a new $550b spending (more cost-push inflation) plan. It includes spending of money the government never had until the Fed printed it and…
I'll start this brief update with a question. How damaging was that #silversqueeze promotion to inexperienced, gullible true believers, anyway? Silver's daily chart has dropped out of the little bear…
An update of the 2 riders opposing a would-be renewed inflationary reflation trade. To review, the Gold/Silver ratio is an indicator of failing market liquidity when it rises and the…
NFTRH 665 is good. There's my promo. I'm beat. For "best of breed" top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market…
The way it is shaking out as I see it, it's the 30yr yield Continuum's right side shoulder (which, if it manifests and turns upward would be consistent with new…
The screenshot of page 1 tells it all. Well, maybe not but it's a cool picture. This week's report drills in depth to the macro topics that I think are…
NFTRH 663 is loaded with valuable information for this very moment in time because we are at a macro decision point and only work done from the top down will…
If they are going to bounce in the short-term, they could do it from here. Gold is at lateral support on the daily chart and is oversold. As a bonus,…
HUI is oversold, sentiment has been pushed down and here we have a little daily chart hammer candle (potential reversal candle if it holds up). This index can bounce at…
Let's micromanage the metals now that they got cracked. But first let's think about the miners. Yesterday we noted that HUI had not broken to a lower low in relation…
Well, I cannot predict the breakout re-testing is over, but I can update for you the progress. Gold has broken out of the daily chart channel, which is also the…
Silver/Copper (SLV/CPER) ratio looks interesting at least Easy now. It's just a little pattern on a ratio chart. But were this a stock, being the bottom feeder I tend to…
Ratios of risk 'on' and pro-cyclical assets to gold are important for our macro view. Let's take a look at some of the hot plays that are consolidating and/or turning…
Global market stress this morning I was going to talk about the ongoing VIX divergence and loss of momentum in SPX, regardless of how the market looked this morning. That…