LONG-TERM RELATIVE RATIO CHARTS – Staples SECTOR

LONG-TERM RELATIVE RATIO CHARTS – Staples SECTOR

Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it.  I’ve generally tried…...

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Long-Term Relative Ratio Charts - Consumer Sector

Long-Term Relative Ratio Charts – Consumer Sector

Beginning with this post I aim to show the relative ratios of all US equity industries vs. the SPX across their entire history.  Posts will be grouped by sector, and each sector post will show all the relative sub-industries within…...

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Historically Oversold Gold

Historically Oversold Gold

Gold peaked a little over seven years ago in Apr-11. If we construct a simple 7-yr RoC chart below we find that as of Aug-18’s swing low, that RoC stood at -34%, tied with Mar-01’s level and slightly better than -39%…...

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*If* Gold Miners Have Bottomed...

*If* Gold Miners Have Bottomed…

…this is how we might expect them to trade in their first year per rallies off secular lows in 1932, 1971 and 2000. The black plot is off the 8/18/18 low.  Recall that data is FTSE-JSE Gold Miner Index in USD-terms. …...

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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…

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…

Current SPX vs. Tech Bear Nearing Longest in History

Current SPX vs. Tech Bear Nearing Longest in History

The SPX peaked on a relative basis vs. the Nasdaq in Aug-2002.  Since then tech has dominated, with the SPX down ~50% on a relative basis since. The magnitude of the ~50% cycle decline since Aug-02 is huge and appears to…...

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