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Inflation: Truth or Dare

In Old Tools I kicked around the inflation issue. Anecdotal evidence is always popular. Here are the charts to help make the case, whatever that might be, for or against. The financial firms are buying up XES, because? Gasoline is $4 a gallon and that is a bullish fundamental. The money flows are not that … Continue reading Inflation: Truth or Dare

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A river of money, a fish swimming upstream, and a bear

The upper white line has been breached at the highs. The left side of the top is the source of the line, another one minute triple top. This line has symmetry as they say. The issue here is the money bowl. Is it forming? A break of the money lows would end the upwelling rise … Continue reading A river of money, a fish swimming upstream, and a bear

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Despite the panic, shouting, screaming, and screeching of tires, nobody was hurt in this accident (so far)

Watching the action today, I thought man we are really screwed. Jerome and the Fed keep shrugging things off, inflation, who cares, bring it on ? Yields rising, might be a good thing Even the brief liquidity moment in the bond market. Non sequitur. Sure enough if you focus on the month, March isn't so … Continue reading Despite the panic, shouting, screaming, and screeching of tires, nobody was hurt in this accident (so far)

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A Simple Desultory Philipic

https://www.youtube.com/watch?v=K_u2AI7ZWAk&authuser=0 Take it from the mess in his office, that Stan Drunkenmiller is focused. Chaos provides clarity, the one thing that makes you consider what's' really important... No room for sentimentality, or bourgeois norms still I wonder if he is right about China. Can we trust their GDP numbers??.. The casual viewer will suppose that … Continue reading A Simple Desultory Philipic

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Early Call on OIL Services (XES)

There was a lot of inaugural enthusiasm the last few days, and relief that the ceremony come off without any problems. Meanwhile maybe prices have gotten ahead of themselves. To go down the list here, the analysts are all pounding the table on the CYCLICALS, and when they do that with such a dubious fundamental … Continue reading Early Call on OIL Services (XES)

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Twenty Zero, Twenty One

End of the year stock market tax loss selling is occuring, probably, but the ongoing shortage in stocks relative to the money available to buy (or borrow) available shares obscures the evidence. The measure of this buying and selling is Accumulation and Distribution, A/D. Before the massive global money pumping mania, these money flows were … Continue reading Twenty Zero, Twenty One

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Condensed Version of the late 94′ Bull Market Liftoff

The moment in time where the process will mirror the 94' Bull Market Liftoff, gets a bit closer with each trading day. Caveats: ONE) I do not really expect to see a sharp drop in the A/D line related to year end selling. The A/D line has in the modern context become an indicator of … Continue reading Condensed Version of the late 94′ Bull Market Liftoff

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Bad news Friday (August 9th, 2020)

Palladium is a precious industrial metal used in automobile catalytic converters. The market for these things applies equally to used cars as well as new. While OEM cats are very good, after market cats are good for maybe a few years. They come in all prices ranges. Some analysts believe these side markets, Palladium and … Continue reading Bad news Friday (August 9th, 2020)