Watch Uncle Buck
Bearing in mind the extreme correlation to this point between inverse USD and SPX... ...it is probably a good idea to keep an eye on Uncle Buck, who is holding…
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November 9, 2020
NFTRH+; Watching EUR/USD
As you may know I took on the EUO Euro short again yesterday in order to hedge a potential US dollar bounce. A new leg up in USD would impair…
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October 20, 2020
NFTRH; Priority Update on Precious Metals & US Stocks
Gold, silver and the miners are and have been in consolidation/correction. US stocks are and have been bullish but at high risk. Here's the current technical situation using daily charts.…
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October 15, 2020
NFTRH+; A Timely Historical Study on L/T Yields, the Yield Curve, Gold, USD & Financials
I want to share some historical work done by Sentimentrader about the current setup in Treasury bonds. A caveat is that I think ST is a little convoluted in their…
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October 7, 2020
US Dollar
Per the NFTRH Trade Log last Thursday: "I just took all profits on what were by far my largest positions, Euro short EUO." Why? Because the profits were there. Why?…
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September 29, 2020
Gold/Silver Ratio: “Slowly I…”
"Slowly I toined, step by step, inch by inch..." The Gold/Silver ratio finally turned, and then it burst upward to the underside of an important macro decision point. With the…
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September 23, 2020
Was, Not Was… Wrong on the Euro
Well, a little patience goes a long way. I declared my wrongness for all to see because I like to do that. It reassures me that people will not view…
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September 10, 2020
Uncle Buck is Pissed
Tramped out by Trump/Kudlow/Manooch and of course the worst long-term offenders, the Federal Reserve, Uncle Buck has a right to be irritable if not outright enraged. The cheap parlor trick…
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September 8, 2020
3rd Amigo (Copper) Aims for its Bull Market Pivot
The Doctor called and he has good news for reflation-minded casino patrons. The important $3/lb. level has been taken out (daily chart) by this asset that is emblematic of a…
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September 1, 2020
NFTRH+; US Dollar
Well, at least my Euro short (EUO) did well today. It will basically follow the chart of DXY below. I have been adding to the EUO position as a hedge…
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August 19, 2020
Historic Commercial Net Short Euro Positioning
Per Sentimentrader, here's the epic CoT alignment in Euros showing Commercial Hedgers burrowing southward in their net short positions. I patiently remain short the Euro against the Trump/Treasury/Fed Triumvirate (TTFT)…
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August 17, 2020
Uncle Buck Waking Up?
It's been a long dirt nap for ole' Uncle Buck. Down, down and down some more as the reflationary world has partied on with Wayne and Garth. The party has…
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August 7, 2020
NFTRH; Gold/Silver Ratio, Copper & USD
And here comes the volatility as gold firms and has likely made a bottom vs. silver. In NFTRH 613 we showed the Silver/Gold ratio at a limit point (or a…
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July 30, 2020
NFTRH+; Targets Solidly Registered… Thoughts on What Now
Not only have gold and silver touched the target zones, they've smashed into and exceeded them. Gold hit 1974 (target: 1940) and silver hit 26.27 (target: 24-26). Unfortunately, they did…
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July 28, 2020