2 Horsemen
Here are the Gold-Silver ratio and Uncle Buck, riding somewhat disjointedly together. Assuming they will continue to ride together in the near term, which one is going to down correct…
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December 11, 2014
Hedging Euro Exposure
A subscriber just asked my thoughts on Euro exposure and how to hedge it. As usual for me, simplest is best; short the Euro (or FXE) and long USD (RYSBX)…
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December 4, 2014
2 Horsemen Diverge
One Horseman is riding up to new highs but is not confirmed by the other Horseman, which sees silver continuing to out perform gold in micro term. Further, Horseman #1…
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December 2, 2014
GSR & USD Diverge on Draghi
Mario just popped up from the upper left corner of the Whack-a-Mole table top and hammered the Euro* (see Biiwii commentary here), logically sending USD upward. But the gold-silver ratio…
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November 21, 2014
Gold-Silver Ratio May be Setting Up Favorably
For some downtrodden items, that is. A downturn in the GSR and its fellow horseman the USD could provide some relief for the markets that have done the most poorly…
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November 20, 2014
The 3rd Horseman
Gold vs. Silver and USD have reversed downward today. This would imply a whiff of an 'inflation trade' if it were to persist and lead to a break of the…
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November 14, 2014
2 Horesmen
The Gold-Silver ratio and USD (GLD-SLV, UUP) are still in bullish trends, which means the case for a decline in market liquidity is still in play.
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November 12, 2014
In the Land of Indicators
In the land of indicators, there is just as much confusion as there is in the land of asset markets. In the markets it's gold miners up, down, up... stock…
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November 6, 2014
2 Horsemen Up Again
The gold-silver ratio and USD are both up this morning. This is punishing to many items including of course, the precious metals. Judging by my screen, it is also pressuring…
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November 5, 2014
2 Horsemen Ride
The Gold-Silver ratio and the US dollar are rising (GSR at new highs) and taking liquidity out of the market. This as the precious metals, sometimes the earliest of indicators…
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October 30, 2014
NFTRH; USD & Gold Mining Funda’s
As crude oil continues down today we are presented with a perfect opportunity to review why gold mining fundamentals can IMPROVE in a rising US dollar atmosphere. So many people run the equation through their heads: USD Strong = Run Away!
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October 14, 2014
NFTRH; USD & Other Indicators
The news driven short covering rally yesterday was impressive and now momo’s are being punished. Makes sense.
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October 9, 2014
NFTRH; Reversals
Well, today the expected reversal in USD is firming up as the big down day on Monday gets some follow through. There is nothing much to add to all of…
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October 8, 2014
NFTRH; EM’s vs. SPY, GSR, USD, etc…
There are a lot of things in play today, including a notable rise in the gold-silver ratio concurrent with USD (finally, these two are both working together, which would be a component of our favored macro plan for future economic contraction, stock market troubles, etc.). But the point of this update is to further the point we made last week about the Emerging Markets’ potential breakdown nominally and in relation to the US market.
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September 19, 2014