Metals Caught in the Middle

Metals bulls have been frustrated with repeated attempts to break out of a multi-month bull flag/falling channel. At the turn of the new year, with the presidential election all but behind the country, and with calls for more money-printing and ongoing stimulus, it seemed a given that – like the base metals and energy -...
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Silver Breaking Out

The month of November was a bit of a roller coaster for metals bulls, as price appeared to breakout, only to reverse on vaccine news and become extremely oversold by mid-December.
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Metals: What Happened?

In my last post, I commented on the strong breakouts in metals out of bull wedge consolidations. These breakouts were ultimately short-lived and quickly reversed on vaccine news, washing out swing longs and once again pushing price lower to another test of falling resistance.
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The Election, Metals, and Uncertainty

In my last piece, I noted that precious metals were trending up, and the US Dollar was trending down. Yesterday’s price action confirmed that, following a multi-week consolidation period, these trends have resumed.
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An Analysis of Trends in USD, S&P500, and Gold

On the topic of future inflationary or deflationary expectations, there are strong fundamental arguments on both sides. In my simple interpretation, the deflationary camp (dollar bulls) make the case that the economy remains fractured, entire industries are being undermined by the pandemic, there is high unemployment, the personal savings rate is up, the stock market...
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Inflationary Winds Blowing Across Assets

In a stark reversal from the collapse of nearly every market just six months ago, the winds of inflation have pushed the sails of those same markets back to new (or near) all-time highs.
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Big Breakouts Across Metals Complex: Gold, Silver, Miners

Precious metals prices broke out this morning above key resistance levels in the mining sector as well as the underlying futures market for the raw metal.
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S&P500 Pushes Past 3000. Next up 3190?

The S&P500 finally worked its way back above 3000 today, and in the process has cast into question the likelihood of a second wave down. In the sight of all doubters, price has pushed through the 61.8% Fibonacci retracement of 2920 measured from the February highs to the March lows.
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The Market Crash of 2020: Where Do We Go From Here?

The last two weeks have been extremely volatile in the markets, and for the first time in a long time my friends and family have called to inquire about “what is going on in the markets?”
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US Housing

[VIDEO] US Housing Market Update – Jan 30th, 2020

In this video, I review key technicals in the US housing market, specifically the real estate ETF REZ, home construction ETF ITB, mortgage rates and lumber.
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