CoT Data for the 3 Metallic Amigos
Why not add copper to the CoT readings since it is an important Amigo for indicating cyclical reflation trades? Note that these are just the raw numbers for the weekly…
Why not add copper to the CoT readings since it is an important Amigo for indicating cyclical reflation trades? Note that these are just the raw numbers for the weekly…
The Nasdaq bubble popped in 2000 after motoring upward on increasing volume in two separate phases. Volume rammed upward and RSI diverged. Like shootin' fish in a barrel it was,…
This morning in the futures market the Amigos are still showing a cyclical bias with copper remaining plucky in its rally as the US and China put the trade war…
As the inevitable unwind of the (US-Iran) fear bid proceeds... First, nominal HUI would ideally hold here at the daily EMA 20. But better support is from 220 to 225,…
First, the Amigo that usually does not benefit from war, terror or pestilence after its initial impulsively bullish reactions. There's always a first time, and it is a new bull…
As with the VIX, the Silver/Gold ratio is not (yet) buying the doom of World War 3 either. Nor is it particularly buying the weak manufacturing data, which would theoretically…
At the dawn of what is going to be a hyper-interesting year in the markets and in society, let's see what the lovable and goofy Amigos have to say. As…
The Silver/Gold ratio (SLV/GLD) continues to reside above the daily chart moving averages (which are still trending down) after a breakout from the flag. So far it remains constructive for…
The Silver/Gold ratio - again assuming we're not just playing Santa silly season here - is on message with the reflation/inflation/cyclical winds that appear to be blowing. FYI... Subscribe to…
There is precedent for an inflationary/reflationary episode to see rising gold, silver and miner prices right along with commodities, resources, stocks, etc.. It happened a lot during the 2003-2008 inflationary…
Just reading it as I see it, folks. Gold commitments of traders saw the specs press long and the commercials press short. Silver saw specs cover shorts and press some…
A routine update as there are no real changes from the weekend report. Just a mid-week note to touch base on the sector and advise that this weekend's NFTRH 582…
Since the macro often gets its pants in a bunch over FOMC, let's see what these 3 economic metals have to say about the Fed's nothing burger yesterday. Let's use…
[edit] Well, apparently the stock market's desire to fill the short-term gaps outweighs the pre-market hype. So the good news is that the current portfolio balance remains in effect. Should'a…