NFTRH+; Uncle Buck
USD (DXY) is cracking the SMA 50 today after making a lower high and a short-term double top. As noted previously, the next objective is the 108 area. This could…
USD (DXY) is cracking the SMA 50 today after making a lower high and a short-term double top. As noted previously, the next objective is the 108 area. This could…
USD (DXY) has pulled back to the SMA 50 (110.71), which is the first important area to watch, with short-term lateral support (110.25) just below it. USD is in an…
A short 'FYI' update on USD (DXY). To review, in September USD halted at the resistance cluster from 2000-2002. It held support at 110, bounced to test the previous high…
Silver apparently thinks that it can get the shorts covering ala #silversqueeze. And I am sure a lot of them are running for cover. The important point here is that…
The negative divergence (to USD) in the Gold/Silver ratio (GSR) we've been discussing lately is intensifying. And if it's a negative divergence to USD, it's a positive one for most…
USD is the anti-market, which has been hammering asset markets with its liquidity bid. The confirming indicator over the last several months as been the Gold/Silver ratio, which has established…
The US dollar and the Gold/Silver ratio are bulling together... And per the Seinfeld bad chicken episode, "that's not gonna be good for anybody." https://www.youtube.com/watch?v=Lo-Ul0tWHpg Here we see Uncle Buck…
If you are like me you may have had some measure of mental macro whipsaw recently as the short-term signals bounce from disinflationary/Goldilocks to inflationary and back again. Fairly annoying.…
Yesterday was a reminder that Fed members can and do interfere in the markets at will. Such power to move markets should be considered disreputable at best and criminal at…
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…
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…
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…
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…