Mining, Crude and The Vaccine Bubble PREVIEW In contrast to gold’s mostly-sideways move, the miners rallied strongly on the week, up 3.67%. Silver also did well, climbing +2.67%, making a new closing high. Ratios: GDX:gold +0.72% (bullish), GDXJ:GDX +1.54% (bullish), Gold:Silver ratio -2.64% (bullish). Even though gold barely moved, this was a bullish week overall for PM. I especially like how the… Mining, Crude and The Vaccine Bubble PREVIEW In contrast to gold’s mostly-sideways move, the miners rallied strongly on the week, up 3.67%. Silver also did well, climbing +2.67%, making a new closing high. Ratios: GDX:gold +0.72% (bullish), GDXJ:GDX +1.54% (bullish), Gold:Silver ratio -2.64% (bullish). Even though gold barely moved, this was a bullish week overall for PM. I especially like how the…
Mixed Macro Data and The Dollar PREVIEW There were a number of economic reports this week: Personal Income: +0.36% month over month (m/m), prior +0.68% m/m. Still positive, but slowing. Durable Goods: new orders -2.13% m/m, prior +0.735 m/m; topping out. Bearish Median New Home Sales: +7.57 m/m, prior +3.14% m/m. New all time high. Personal Income: +1.3% quarter over quarter (q/q),… Mixed Macro Data and The Dollar PREVIEW There were a number of economic reports this week: Personal Income: +0.36% month over month (m/m), prior +0.68% m/m. Still positive, but slowing. Durable Goods: new orders -2.13% m/m, prior +0.735 m/m; topping out. Bearish Median New Home Sales: +7.57 m/m, prior +3.14% m/m. New all time high. Personal Income: +1.3% quarter over quarter (q/q),…
Fed Rates, Dollar Reacts PREVIEW There were three important economic reports this week: Retail Sales (RSXFS): -0.59% month over month, prior +1.29% m/m. Negative, especially the month before Commercialized Christmas. Industrial Production (INDPRO): -0.22% m/m, prior +2.45%. Negative. Consumer Price Index (CPIAUCSL); +0.10% m/m, prior +0.44%. Falling energy prices are mostly responsible for the decline. Unlike last week, this picture… Fed Rates, Dollar Reacts PREVIEW There were three important economic reports this week: Retail Sales (RSXFS): -0.59% month over month, prior +1.29% m/m. Negative, especially the month before Commercialized Christmas. Industrial Production (INDPRO): -0.22% m/m, prior +2.45%. Negative. Consumer Price Index (CPIAUCSL); +0.10% m/m, prior +0.44%. Falling energy prices are mostly responsible for the decline. Unlike last week, this picture…
Gold, Labor Shortages, Rate Increases; Musk: A Case Study PREVIEW On the week, gold fell 10.50 [-0.58%] to 1800.20. All of the losses happened on Thursday. The candle print was mildly bearish, but gold remains above the MA50 and the MA200. Gold does appear to have run into a little bit of trouble. Perhaps this is hinting about a potential low in the buck? Open… Gold, Labor Shortages, Rate Increases; Musk: A Case Study PREVIEW On the week, gold fell 10.50 [-0.58%] to 1800.20. All of the losses happened on Thursday. The candle print was mildly bearish, but gold remains above the MA50 and the MA200. Gold does appear to have run into a little bit of trouble. Perhaps this is hinting about a potential low in the buck? Open…
Oil Makes a 12-Month Low; Guidance from Col. Hackworth PREVIEW There were a pair of economic reports this week: The Producer Price Index by Commodity (PPIACO): -0.72% month over month (m/m), +9.07% year over year (y/y). Producer price inflation is falling – it is less than half of what it was at the peak (23%) in October, 2021. Durable Goods: Orders +1.06% m/m, New Orders:… Oil Makes a 12-Month Low; Guidance from Col. Hackworth PREVIEW There were a pair of economic reports this week: The Producer Price Index by Commodity (PPIACO): -0.72% month over month (m/m), +9.07% year over year (y/y). Producer price inflation is falling – it is less than half of what it was at the peak (23%) in October, 2021. Durable Goods: Orders +1.06% m/m, New Orders:…
Labor Force Shortfall; The Dunning-Kruger WEF PREVIEW There were a large number of economic reports this week, headed by Payrolls, which were released on Friday, at 8:30 a.m. Eastern time: Nonfarm Payrolls: headline +261k, expected +200k; new high, positive. Personal Income: +0.70% month/month (m/m) (prior +0.40 m/m); new high, positive. Auto/Light Truck Sales: +9.17% m/m; positive and recovering from a sharp dip…. Labor Force Shortfall; The Dunning-Kruger WEF PREVIEW There were a large number of economic reports this week, headed by Payrolls, which were released on Friday, at 8:30 a.m. Eastern time: Nonfarm Payrolls: headline +261k, expected +200k; new high, positive. Personal Income: +0.70% month/month (m/m) (prior +0.40 m/m); new high, positive. Auto/Light Truck Sales: +9.17% m/m; positive and recovering from a sharp dip….
Good News for Metals; A Mafia Operation PREVIEW The buck fell 0.91 [-0.85%] to 105.92 on the week; most of the damage happened on Monday and Tuesday. While the buck remains (barely) above the 200 MA, this week marks a new 4-month closing low. Is the dollar rally over? I’ll show you a monthly of the buck this week – it might provide… Good News for Metals; A Mafia Operation PREVIEW The buck fell 0.91 [-0.85%] to 105.92 on the week; most of the damage happened on Monday and Tuesday. While the buck remains (barely) above the 200 MA, this week marks a new 4-month closing low. Is the dollar rally over? I’ll show you a monthly of the buck this week – it might provide…
Recession Indicators; General Winter Arrives PREVIEW There were three big economic reports this week: Retail Sales (RSXFS): +1.26% m/m Industrial Production (INDPRO): -0.11% m/m Producer Prices (PPIACO): -1.3% m/m Mostly, producer prices = energy, which is down from peak. Retail sales were strong, except for clothing which was flat. Industrial production was basically flat also. I have a pair of models… Recession Indicators; General Winter Arrives PREVIEW There were three big economic reports this week: Retail Sales (RSXFS): +1.26% m/m Industrial Production (INDPRO): -0.11% m/m Producer Prices (PPIACO): -1.3% m/m Mostly, producer prices = energy, which is down from peak. Retail sales were strong, except for clothing which was flat. Industrial production was basically flat also. I have a pair of models…
Dollar Crushed; Apology for America PREVIEW The buck was crushed this week, plunging -4.61% to 106.16, moving lower four days out of five. The bulk of the losses came after the Consumer Price Index release around 8:30 a.m. Eastern on Thursday, which showed a slightly lower rate (+0.44% m/m) than expected, and then on Friday, there were hints from the Chines… Dollar Crushed; Apology for America PREVIEW The buck was crushed this week, plunging -4.61% to 106.16, moving lower four days out of five. The bulk of the losses came after the Consumer Price Index release around 8:30 a.m. Eastern on Thursday, which showed a slightly lower rate (+0.44% m/m) than expected, and then on Friday, there were hints from the Chines…
Higher for Longer; Hints of Panic PREVIEW The Elite’s narrative is breaking on many fronts Higher for Longer; Hints of Panic PREVIEW The Elite’s narrative is breaking on many fronts
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