Gold, Finally Ready to Shine?

Gold, Finally Ready to Shine?

If the answer to the title of this piece is “no”, I swear to god it’s the last time I ever write about this god-forsaken metal. Anyhow, in the chart below I plot CHFUSD alongside gold through history.  Note how…...

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CHFUSD Break-out Nearing (Gold Pull-Through?)

CHFUSD Break-out Nearing (Gold Pull-Through?)

CHFUSD (solid) and gold (dash) are plotted on a monthly basis over time below. Few assets correlate more strongly, more consistently or for longer periods of time than these two have for decades. Post 2011 peak for CHFUSD the cross…...

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Silver Shorts?

Silver Shorts?

As of last week silver managed its ninth consecutive weekly gain. The last time it closed with a weekly loss was during the week of Xmas, or 12/23/16. Over the course of its 9 week streak it rallied ~17%, closing…

See What Sticks

See What Sticks

I’m going to throw a lot of charts at this post and let’s see if we can find out what seems most likely to stick thematically, if anything at all, when we’re done. How about EM to start.  When discussed…...

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Searching for the EM/Commodity Turn

Searching for the EM/Commodity Turn

Below I plot the ratio of the PCAC Index (Producer Price Index – All Commodities) vs. the USD Index (DXY) over time along with a ~43-year support line dating back to 1973. While not at support, the ratio is very…...

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Immortan Joe Activates U.S. Cyber War Rig, Moving America Beyond Just Financial Warfare with Russia

Immortan Joe Activates U.S. Cyber War Rig, Moving America Beyond Just Financial Warfare with Russia

Just the other day the deep state trotted out Immortan Joe Biden in an interview with Chuck Todd to let the world know it was planning a “covert” cyber attack on Russia and Putin for their alleged involvement in holding…

Energy Commodities: The Juice Is Likely Worth the Squeeze

Energy Commodities: The Juice Is Likely Worth the Squeeze

Per some emails at the end of Sep that highlighted the increased potential for such a move, crude has decisively broken above multi-year resistance recently.  If you believe the WH/Fed/Russia feed-back loop theory – as I do – it’s not…...

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Multi-Month Gold Consolidation Likely Concluding

Multi-Month Gold Consolidation Likely Concluding

We last updated our thoughts on gold in this post last month. Using analogs in that post we suggested there were ~20 trading days or ~one month until it would reach a nadir, thus concluding a multi-month consolidation that began in…...

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Ratio of Copper vs. Gold at 30-Yr Support, Last Reached Pre-Crash Apr-87, During GFC Jan-09

Ratio of Copper vs. Gold at 30-Yr Support, Last Reached Pre-Crash Apr-87, During GFC Jan-09

In the chart below the ratio of copper vs. gold is about to hit 30-year support. This ratio has been touched only two other times over that 30-year history – once in Apr-87 prior to the Aug-87 equity market peak…

JPYUSD, If/When > 1.00, Should Ignite New Upside Phase for Gold

JPYUSD, If/When > 1.00, Should Ignite New Upside Phase for Gold

In the chart below I plot JPYUSD over time. It’s pressing 1.00 as we speak. Over the past 30 years it’s spent very little time above 1.00 (green), but plenty below (red).  Moreover, 1.00 has acted as a very important…