The little bout of positivity in the inflation markets is enough to get me questioning my short position in DBC. Here is a chart of RINF (inflation expectations), as posted in the trade log, diverging bullish from the intermediate downtrending CRB index. I don’t know who’s off sides, inflation bulls or deflationists. But I don’t plan to find out with my money on the line … Continue reading NFTRH+; watch this indicator
A look at gold and silver futures daily charts, considering the positive (on 30yr average) seasonal and constructive CoT of each metal. Gold is bumping up above the daily chart moving averages, which are oh so tentatively starting to turn up. Given the positive seasonal average and my own (potentially very) bullish view of gold in 2022 I want to pay close attention to any … Continue reading NFTRH+; Gold & Silver (futures)
I’ll let the chart do the talking, except to say that the Silver/Gold ratio is giving a similar warning to Q1, 2020. Otherwise, move along, nothing to see here. 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 NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal … Continue reading Here’s a chart for 98% of market participants to ignore
We have been noting silver taking up leadership from gold as the sector hinted at (and yesterday made) a breakout. Here is the daily view of this morning’s Silver/Gold futures. The weekly chart shows the clear hold of support made by the ratio during the recent months of correction. Silver/Gold is a forward looking indicator of inflation. The long-term SGR has led the way for … Continue reading NFTRH+; Silver/Gold Ratio & Nominal Silver Short to Long-term
Very strange indeed. One is smashing resistance and flashing ‘reflation on’ (among other potential things) and the other is saying err, no. When I first started managing the Silver/Gold ratio intensely for you it was way down at the lower green shaded support zone. Never did I think it was going to unleash with the fury it has. The dashed horizontal green line was my … Continue reading NFTRH+; Silver/Gold & Copper/Gold Ratios, and… Words Aplenty
Thanks to alert subscriber Jordan I became aware of a mistake where when doing the chart of the Silver/Gold ratio in the opening segment I inadvertently showed it as Silver/[Barrick] GOLD. The chart has been fixed and now shows the Silver/Gold ratio. Luckily, the message of the chart is still the same. Please deep six your original and go to the archive and grab the … Continue reading Attn: Subscribers… error corrected
Because when you work really hard to help people not only make money when appropriate but also to preserve capital when appropriate, I think it pays to promote that once in a while. In NFTRH and mostly in interim updates we’ve been focusing on the Silver/Gold ratio (SGR) for months now because it is an indicator to a certain macro backdrop if it can break … Continue reading Yesterday’s NFTRH+ Post on the Silver/Gold Ratio Now Public
The previous public post gave reasons for caution on silver. This update gives a reason for caution (and profit taking where desired) on silver, miners and the reflation trades in general. The Silver/Gold ratio is on this very morning doing the thing I’d expected it might do weeks or even months from now. But that’s how silver rolls. It took out immediate resistance in the … Continue reading NFTRH+; Silver/Gold Ratio
A review of targets we’ve already covered for the Silver/Gold ratio (SGR) now that nominal silver is breaking resistance and gaining notoriety among a wider array of casino patrons. To review, a rising SGR indicates inflationary spirits rising and is positive for precious metals, commodities and resources, and generally benign for stocks. Daily SGR is approaching a lateral congestion area and the channel top after … Continue reading NFTRH+; Silver/Gold Ratio Targets (a reminder)
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 backdrop. Well, now we have 3 new Amigos as well and they would indicate positive, inflationary/reflationary macro if they go bullish. They are the TSX-V (JX, CDNX), Copper and the Silver/Gold ratio (SGR). We’ve been … Continue reading NFTRH; Look Who’s Joining the Party
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 a reflationary direction. We’ll see how well that works beyond a day. It’s as if the machines and the hedge funds, momos and Mom & Pop that follow them cannot take it anymore as the … Continue reading One thing I notice today…
In alignment with the still rallying but not yet confirmed macro state of the cyclical inflation/reflation-sensitive copper and other commodities, the indicator that would travel with such conditions is still in bounce mode within its major downtrend as well. Here is the daily futures chart of the Silver/Gold ratio. It has made 4 waves (no, I have in the least taken up Elliott Waves) and … Continue reading Silver/Gold Ratio Hangs Tough w/ the Macro Reflationary Bounce
I am not showing you anything new here but I tend to continually review indicators like this both for myself and for others who maybe have not caught all details to date. The Silver/Gold ratio (SGR) came to our warning point yesterday and of course today comes the pullback/reaction. The weekly chart adds a downtrend channel that the SGR busted down from during the COVID-19 … Continue reading NFTRH+; Silver/Gold Ratio Daily, Weekly & Monthly
It’s nothing we have not been expecting for some time now, but the Silver/Gold ratio (SGR) is bonking its head right into the target zone today. Personally, I am a little nervous because gains are coming from all around and it seems too easy, which of course is how things would feel for an extended period if the SGR is able to break through here … Continue reading NFTRH+; An Important Target is Registered
