Gold/Silver Ratio - Confirmed August-1929 Style Break-Out & Cross-Asset Implications

Gold/Silver Ratio – Confirmed August-1929 Style Break-Out & Cross-Asset Implications

Below I plot the ratio of gold vs. silver.  August closed with a clean break above resistance dating back to the very early 1990s. A longer-term look at the ratio is even more revealing.  It shows that the bear cycle…...

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Gold Miners: Historically Asymmetric Long Opportunity?

Gold Miners: Historically Asymmetric Long Opportunity?

Below I plot the long-term ratio of the ratio of the FTSE-JSE Gold Miners Index (USD) vs. SPX along with a linear trend and its regression equation.  Data dates to the late 1800s. As you can see, price is well,…...

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Telco Equipment Industry Looks Very Bullish

Telco Equipment Industry Looks Very Bullish

Below I plot the S&P Telco Equipment Index back to 1980. Notice price has spent much of 2018 consolidating atop the key pivot congestion areas from 1997 (launched the parabolic run into 2000) and 2001 (launched the collapse into 2002…...

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Glimmers of Hope Amid the Worst Gold Miner Secular Bear Market in History?

Glimmers of Hope Amid the Worst Gold Miner Secular Bear Market in History?

GFD has a FTSE-JSE Gold Mining Index that dates back to the 1800s.  Within that data I count three major secular bear markets: 1888-1931 (~42 yrs) 1946-1971 (~25 yrs) 1980-Current (~38 years) In USD-terms I analog index price data for each…

Contradictions Do Not Exist (Part 2)

Contradictions Do Not Exist (Part 2)

Over two years ago in Jun-16 I penned a post titled: “Contradictions Do Not Exist (Was May-15 Really a “Major” Top)?” Therein I noted that though US equities were at the time still marginally below their May-15 swing highs, they…...

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Instanbul 100 Index Has Reached 30-Yr Support in USD Terms

Instanbul 100 Index Has Reached 30-Yr Support in USD Terms

Below I plot Turkey’s Istanbull 100 Index in USD terms. Driven by the recent collapse in the TRY, the index has reached 30-yr support dating back to the mid-1980s. However, should this support break in what would likely be driven…...

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Gold/Silver Ratio Very Close to Clearing Nearly 30 Years of Down-Trend Resistance

Gold/Silver Ratio Very Close to Clearing Nearly 30 Years of Down-Trend Resistance

In the chart below I plot the ratio of gold vs. silver on a monthly basis, a thematic I highlighted in this recent post. Since the ratio peaked in 1991 it’s secular impulse has been one of incessant weakness-to-sideways action amid…...

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Relative Performance of EM vs. US Equities Nearing a Critical Juncture

Relative Performance of EM vs. US Equities Nearing a Critical Juncture

Below a simple chart: the ratio of the MSCI EM Index vs. SPX. In it you can see the ratio nearing a critical, 20-yr support line last reached in Sep-01 at a major corrective low (specifically the post 9/11 low)…...

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Uranium Prices Clearing Decade-Long Resistance

Uranium Prices Clearing Decade-Long Resistance

Confirming my suspicions in a 6/10/18 post outlining a bullish case for uranium, in the left pane below the commodity is actively clearing decade-long falling resistance this month. At the same time, the Trump admin has opened an official investigation…...

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History Being Made Everywhere: Ratio of Gold Miners vs. Gold Breaking Below 80-Yr Support Shelf

History Being Made Everywhere: Ratio of Gold Miners vs. Gold Breaking Below 80-Yr Support Shelf

Another crazy chart/data point below that’s consistent with much of the other mind-melting (i.e., 200-yr-type historical anomalies) stuff I’ve been putting on the site lately… The ratio of gold miners as an industry vs. gold itself has broken below an…