CRB Index Back to 45-Yr Resistance as Syrian Cease-Fire Falls Apart
Until the CRB crashed through it in late 2015/early 2016, line (1) in the chart below had held as support for over 40 years dating back to the early/mid 1970s, or the area where the hyperbolic ramp of commodity prices…...
Additional Signs of Reflation and Implications for Gold
Earlier today in this post I discussed that the Producer Price Index for all commodities, or the PCAC Index (Bloomberg ticker), was signaling the potential for a strong global reflationary event to occur in the intermediate-term. I wanted to build on…...
CRB vs. USD Has Reached 40 Year Support, But Can it Hold?
On 12/17/15 in this post we highlighted this chart which showed that the ratio of the CRB Index vs. USD was fast approaching a 30-year support line. In reality, if we extended that support line left into the early 70s…...
USDRUB Breaks out of 18 Year Channel to the Upside (The Loss of Fed Independence)
In the chart below at (A) USDRUB has broken out of a ~18-year channel b/t lines (1) resistance and (2) support to the upside. Every major swing high and low for the pair has come on these respective channel lines over…...
Into the Breach for the CRB Index
On 11/16 I highlighted the long-term support the CRB Index was approaching. Three weeks later it has pierced said support. In doing so, it has stepped foot into the “breach”, or what can be seen on the chart below as…...
CRB Threatening to Break 40-Year Support as Deflation Risks Reach Great Recession Levels
A very simple, weekly long-term chart of the CRB Index is presented below. As you can see, the index’s significant decline over the past year has taken it down to line (1) support. This support dates back 40 years and represents…...