Being Analytically Honest, Presenting the Other, More Bullish Case for Gold & Miners
Had an earlier post this morning on why gold was technically broken. So long as prices remain below the 12 month MA will continue to believe that the onus is on the metal to prove itself to the upside. That…...
Which One has the Correct Macro View?
Bonds or stocks? One of these is going to have egg on its face when this is all over. Longer-term, the 10 Yr UST is suggesting the fair value on the SPX is < 700. Is the 10 Yr UST correct or is…...
Long-Only Shops & Equities, Sittin’ In a Tree…
K-I-S-S-I-N-G… To say long only funds are in LOVE with equities here is an understatement. As of April month-end, mutual funds held less cash and more stocks than they ever had before – we’re talking 60 year lows on the…...
Price Action in Gold Suggests the Metal is Technically Broken, At Least For Now
The fundamental case for gold is quite clear as it pertains to ongoing global monetary/fiscal crises and the threat that central bank intervention/”money printing” leads to future runaway inflation. In fact, from a crisis-hedge standpoint, isn’t the world we live…...