Is it Too Late to Short the Yen?
Not in my mind. My earlier post today on the Nikkei/Yen showed that their current respective 26 week RoC is as positive/negative (most upper-left) as it’s ever been. As I pointed out, the only time in history where the scatter-plot…...
Post Bubble Analog Update
Nat Gas appears to be officially breaking out on both a daily and weekly basis in the chart below. At the same time, Nat Gas appears very cheap at this juncture from its “bubble” peak in 2005 when it topped…...
Something Major is Afoot in Japan
Scatter of 26 week RoC in NKK vs. Yen. Last two weeks red – most upper left print in data set. Other prints in this area of the quadrant were Oct-Dec 95 as NKK was printing 10300-10400 – had ~6-8…...
Perspective on the Nikkei’s Amazing Run
If the Nikkei finishes up on the week it will have posted gains in 18 of the past 20 weeks, or 90% of the time. Dating back to the 1800s, that’s never happened on the Dow. It happened on the…
Spread Trade Idea In Commodities
The ratio of Nat Gas vs. Silver is presented below. It fell 97% into 2012 from its high in 2006. As it did so it formed an ever-tightening, bullish descending wedge pattern b/t lines (1) and (2). In late 2012…...
33 Year Resistance
At hand in the chart below is 33 year resistance. What is the asset in the chart? What happens if resistance is broken to the upside? Believe this chart has very important global risk appetite implications.
Is James Glassman Really That Crazy, Why the Dow Potentially Has 60%-170% More Upside & Why Contrary to Michael Moore’s Views, Markets & Capitalism Worked Better Than Ever in Facilitating the Sub-Prime Crisis
Does anybody remember James Glassman? He’s that crazy guy who published this book in 1999 claiming the Dow would eclipse the 36K mark in ~three-five years. Turns out his earlier prediction wasn’t so correct. That doesn’t mean the guy doesn’t…
Some Historical Stats on Gold
Want some additional confusing info on gold? I’m here to provide. The red filter below shows those periods in gold’s history where both of the following conditions are filled at the same time: 1) Current price < 12 month moving…...
Three Decade Perspective on Gold Miners
As you might have noticed over the past week or so, I’ve begun tempering my precious metals bearishness. My disposition has turned most noticeably on gold – not yet an outright pound the table bull, but have warmed up to…...
Quick Global Macro Overview
The ratio of the Nikkei vs. gold is reaching resistance after a massive 55%, four month rally off support. At the same time, gold sits at support itself. The Dow analog calls for a correction if the index can rally…...