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Weird Scenes Inside the Gold Mine

Lyrics from the Doors, "The End.." Following some charts show trend changes worth considering. No real problem here, not hard to see the Bullish case. The buyers keep the price hovering above the 50dma, nobody wants to give these shares up. The real issue is what's driving this market, and that takes us to bonds. … Continue reading Weird Scenes Inside the Gold Mine

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Through the VIX Looking Glass (with notes on the new TET offensive in the Middle East)

The VIX is an oscillator which trades like a stock. There have been sharp spikes the last two years around the start of the year. This is tradeable through the VXX. Now for the mirror image outcome. To follow up the interim bottom in the VIX may have been right here. The chart below is … Continue reading Through the VIX Looking Glass (with notes on the new TET offensive in the Middle East)

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Jumping the Shark (Updated with FOMC notes!) special 9/18 commentary

The line in the water was crossed, again and again. Since technical lines of support resistance tend to be hard lines, this sort of fuzzy logic must seem confusing to newcomers to the field of technical analysis. A full explanation to follow We keep returning to this level, we may as well assume it is … Continue reading Jumping the Shark (Updated with FOMC notes!) special 9/18 commentary

Natural Gas and the end of the House of Sod / updated 9/17

There are a number of ways to check for signs of diminishing returns in the arena of monetary stimulus. Most classic economists would look at growth, GDP, and other data. Here's one that portends badly for consumers. Since 2007 Natural Gas has been a free ride. Some of you have it, some of you don't, … Continue reading Natural Gas and the end of the House of Sod / updated 9/17

Those who make the rules, have the gold…

https://swpcayman.com/media/commentary/the-missing-piece-to-the-puzzle Who Are the Players?The precious metals investment market (non-industrial users) is comprised of three major players; the central banks, the ETFs and the retail investors; people like you and I who literally buy physical gold and silver bars and coins.The World Gold Council reported that the central banks purchased 374 tonnes of gold in … Continue reading Those who make the rules, have the gold…