Long-Term Meat Product Bull Market Over? Impact to Stocks & Industries?
The first half of this post’s title is not a joke. In the charts below live and feeder cattle have been battling quarter-century, long-term channel resistance over the past two years, having, along with the rest of the commodity group,…...
All Over for Housing Re-Inflation?
Both lumber and LEN face significant long-term channel resistance in the charts below. Is the Bernanke-inspired housing re-inflation run over for home-builders and housing in general?
Is Gold Playing Catch up to the Yen and is its Fair Value $1,200?
Here’s the original post on this subject matter. We noted that since the early 2000s the gold had tended to lead the Yen. Deviations resulted in the Yen rallying or selling hard to catch up with gold. We also alluded…...
Evolving FX and PM Set-Ups
Forgive me for continuing to focus so much attention on the PM space. However, I do tend to think it currently offers very solid risk/reward set-ups and more importantly, the opportunity to make some money on the short side in…...
Fresh Thoughts on Gold
We’ve done a lot of work on gold on the site over the past six months in various posts trying to determine two important things: 1) Was/is gold a “bubble”? and 2) If the answer to #1 above is “yes”,…...
Strong Linkage Between the Yen and Gold Breaking Down for First Time in Over a Decade
The Yen and gold have tended to broadly trade in lock-step fashion since the latter’s secular lows in the early 2000s. If deviations have appeared in that pattern the Yen has appreciated or depreciated rapidly to make up the difference…
Silver Highlights
This post updates our last post on silver from January 11th right here. In that post we said two important things: 1) “…it (silver) will peak out a dollar above current levels on a weekly closing basis at ~$32 (potentially more…...
What Impact Might a Break-Down in this Currency Have on Precious Metals?
In the chart below we plot the Swiss Franc in the upper window and silver in the lower one. Note at the inset that the Franc appears to be breaking below support. If the break-down is real, the Franc could…...
Silver Update
Updated the silver post-bubble collapse analog chart below. It reflects silver @ ~$30.70, it’s current trading price. I’ve also extended price out ~4 weeks into early February. This can be seen by the extension of the red line (dotted). This…...
Silver Sits at Some Intermediate Support
The chart below is self-explanatory – silver finds itself sitting at some very important intermediate, swing support at ~$30. This is the level, along line (1), where nearly all of the metal’s big moves and price action have occurred since…...