"Meme Coins are the stuff of late-stage bubbles" -Captain Obvious Disclaimer of bias: I have viewed Bitcoin and Crypto in general as a speculation to varying degrees from day 1.…
Gold price still disappointing speculators, but it's doing as it should do Back in August I wrote an article called Gold: The Anti-Bubble. The point being that if you want…
TSX-V has been a negative divergence to the inflation trades, but... You see, da 'V' has a bunch of cow pastures and barren holes along with a few nice prospects…
Junk bonds (HYG) have held above the 50 day average, indicating that risk is still 'on'. Junk/Investment Grade (LQD) has recovered strongly and is flipping positive as well. Junk/Treasury (20+…
What Has Been
A solid 2.5 years of risk management (to varying degrees) has been required of precious metals investors. It was most intensely required after the announcement of QE3, when the net commercial short position in silver began a relentless march toward a very bearish alignment in late 2012 and then the HUI Gold Bugs index lost an important support level at around 460. Here is the chart of silver with a heavy commercial net short position from NFTRH 215, dated 12.2.12:
Policy, Profits and Propping… that is without a doubt the underlying fundamental support for a massive and growing phase of market speculation that becomes more dangerous with every week that it lurches forward. Once again, the chart that proves this in no uncertain terms:
