Silver Upside Could Accelerate in the Near-Term
On 4/19 I outlined a simple techincal break-out for silver and suggested it could be the start of a major rally. I followed that up a week later on 4/27 with a post that showed how the ratio of gold vs. silver was breaking…...
Is that Something You Might Be Interested In?
Any former Entourage fan (we’re talking “deep cuts” fan) will remember the character of Bob Ryan, aka “What if I was to tell you…is that something you might be interested in?” Bob Ryan. For the unacquainted, Bob was best known…...
Heading into BREXIT 2.0, Is US Long Bond Analogous to GBP in 3Q92?
In a few recent posts I’ve highlighted that the discussions around BREXIT 2.0/ERM2 are occurring as the ratio of the Stoxx600 vs. SPX hits channel support for only the second time in history (on a monthly basis vs. three times on a daily)…....
All the Macro that’s Fit to Print
Every corner rounded seems to be producing a different chimera to be contended with at the moment. BREXIT, growing portions of sovereign debt lurching into negative-yield territory, NIRP chaos and its impact on Euro banks, China deval/credit collapse, Islamo-fascism, Fed tightening and…...
The DAX Bear Rolls On
Here’s an update to the analog first presented in this post whereby we compared the DAX off its Apr-15 highs to the bear paths it took during its 2000-2002 and 2007-2009 bears. The current path (black) is updated to reflect…...
Y(EN)-TERVENTION Imminent?
When one thinks about the world’s largest exporters of “widgets”, China and Japan come to mind first. Which, in turn, should lead one to a consideration of the JPYCNY cross. Now, given the CNY peg to USD, the JPYCNY cross…...
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…...
Recent Renewal in Gold Upside Fits Our Historically Bullish Framework but Metal Faces Major Near-Term Test
On 1/18/16 I declared in this post that gold’s cycle low was in and only the path, duration and magnitude of any upside move was in question. Prior to that declaration, we emphasized over and over during the latter parts of…...
Well-Defined Break-Downs in the Ratio of Gold vs. Silver Have Historically Led to Large Absolute Gains in Both
Much has recently been made about the decline in the ratio of gold vs. silver from near all-time highs of late. Less has been made of the fact that over the past week, that decline has seen the ratio break…...
Long AMZN, Short AAPL Pair Trade Has Legs
On 12/17/15 in this post we highlighted the favorable technical set-up in the ratio of AMZN vs. AAPL and said the following about the first chart below, which is the chart we presented in the original post: “Here’s AMZN vs. AAPL. I…