US dollar & Gold/Silver ratio

This is how an inflation phase ends It’s called the bust that follows an inflated boom. The US dollar and Gold/Silver ratio traditionally ride together to bring it on. The current backdrop is as we’ve allowed for and even anticipated in NFTRH (against heavy cash I am positioned in the stuff that is not inflation-dependent, and it is working today). It’s a whiff of ‘Goldilocks’ … Continue reading US dollar & Gold/Silver ratio

NFTRH 712, out now

And I gotta run! Happy 4th, folks. 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 Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or … Continue reading NFTRH 712, out now

NFTRH+; USD, Treasury bonds & market thoughts

The US dollar broke above resistance at the 2016 high (not shown on this daily chart), dropped back to test the SMA 50, popped back above resistance, faded to test it and has now turned it to support. While doing so, it relieved some of its overbought readings. USD is the anti-market, so it is no surprise that market stress is reappearing elsewhere in stocks, … Continue reading NFTRH+; USD, Treasury bonds & market thoughts

Currencies (NFTRH 709 excerpt)

A brief look at currencies Excerpted from the June 12 edition of Notes From the Rabbit Hole: Currencies All hail Uncle Buck! Especially those who’ve been guiding their herds against it not only over the last bullish year, but since the bullish Goldilocks flavored up-surge in 2014 and well, ever since I began seriously paying attention to the global macro in 2002. The USD, AKA … Continue reading Currencies (NFTRH 709 excerpt)

NFTRH 709, out now

And it’s a good one. 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 Credit Card or PayPal using a link on the right sidebar (if using a mobile device you may need to scroll down) or see all … Continue reading NFTRH 709, out now

Gold/Silver ratio continues to diverge the inflation trades

Gold/Silver ratio (and USD) would attend global liquidity stress I know. I know. It’s a mutant inflation and all, with global war and politics driving the bus now, and the Fed all but marginalized. But still, more monetary and counter-cyclical gold is rising in relation to silver (more cyclical, industrial and hence, commodity-like) and that is not cyclical inflationary signaling, especially with both metals struggling … Continue reading Gold/Silver ratio continues to diverge the inflation trades

NFTRH 706, out now

It’s been a productive day. I finished another quality market report and I ripped up some carpeting as a little indiscriminately urinating cat marked his territory once too often. All this by noon time. Life is good. NFTRH 706, out now. 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 … Continue reading NFTRH 706, out now

NFTRH+; this unit may be ‘selling the news’

We have covered USD in detail. If global asset markets (and especially commodity/resources-related and emerging markets) are going to experience relief, USD will have to weaken. Uncle Buck has finally acted like the counter-party it is to inflated asset markets, after diverging upward against them for much of 2021. USD (DXY) daily head faked above and now has dropped back below the key long-term resistance … Continue reading NFTRH+; this unit may be ‘selling the news’

Currencies (incl. Bitcoin) vs. USD

Global currencies and Bitcoin vs. USD Reference a previous post on ‘commodity currencies‘ From NFTRH 705‘s Currencies segment… Everybody in this sad picture is as they were last week. The reserve currency is sucking up all that liquidity fleeing the risk ‘on’, inflated cyclical asset world and the other ‘non-reserve’ currencies are being exposed as the fundamentally valueless instruments they are. Of course USD is … Continue reading Currencies (incl. Bitcoin) vs. USD

US & Global stocks, bonds, USD, precious metals & commodities

A general update of a macro in transition Detailed work, which got us to this point intact, if a little frustrated*, is done in NFTRH reports and updates. But it’s always handy to have a general summary view of macro markets. So let’s get to it. * Reference this post done while sitting with a flight delay at JFK managing the breakout in the Gold/Silver … Continue reading US & Global stocks, bonds, USD, precious metals & commodities

Commodity currencies must stand and deliver, or break down

CAD and AUD are each at important support vs. the US dollar index There are just too many important support touch points on CAD/USD for this not to be a key support area right here. The same holds true for AUD/USD. These two commodity currencies have been joining fellow inflation-divergent items like the Gold/Copper ratio, Gold/Silver ratio, TSX-V/TSX ratio and the firm state of the … Continue reading Commodity currencies must stand and deliver, or break down

Bitcoin: Acting like the speculation it is

As USD and Gold rise, Bitcoin acts like the speculation that it is The US dollar is roofing… Gold is also getting the global liquidity bid. And then there is BTCUSD, acting like a speculation along with all the other speculations the world over. Where’s Tom Brady and what’s her name, the hotel heiress come crypto big mouth when you need them? For “best of … Continue reading Bitcoin: Acting like the speculation it is