Gary Tanashian | TalkMarkets | Page 90
NFTRH & Biiwii's Unique Market Perspectives
Gary Tanashian of nftrh.com and biiwii.com successfully owned and operated a progressive medical component manufacturing company for 21 years, keeping the company’s fundamentals in alignment with global economic realities ...more

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Gold Stocks (GDX) Breakdown
Well folks, there it is; the GDX is officially breaking down from support. People absolutely cannot be complaining that there was no warning or that this is some kind of short attack by the forces of evil. It has been in the charts for weeks now (despite the ridiculous ‘Golden Cross’ hype).
Gold, Silver & The Macro
Those micro managing the precious metals are fixating on the Symmetrical Triangle (bearish continuation) and a coming ‘Death Cross’ of the MA 50 below the MA 200.
Yield Curve Bumps Up
Today the yield curve rises again as short term yields decline faster, with the implication by today’s snapshot being that players are on a little risk ‘OFF’ twitch.
Inflation Expectations
Nominal TIP bottomed in September and has gently risen (in stops and starts) since. TIP’s ratio to TLT is a better indicator of when inflation expectations are becoming acute in my opinion because it backs out the overall up move in T bonds.
‘Anti Fragile’
“In an economic system, if the goal of the authorities is to reduce some particular risks, then the sum of all these suppressed risks will reappear one day through a massive increase in the systemic risk and this will happen because the future is unknowable”
Was That The Correction?
SMH is still undecided, which means the SOX is still undecided as to the title’s question. The decision for this sector that led the post 2012 stock market comes with a break up and out of the red line or a failure of the green one.
Yield Curve; Wax Off, Wax Back On Again
The casino is in operation day after day, week after week… yield curve up, yield curve down… markets up, markets down.
Key ETF Update
GLD remains in a Symmetrical Triangle, which gold bugs hope is not a typical Sym-Tri AKA continuation pattern.
Financials ETF A Neckline Away From Breakdown
The Financials ETF is one extremely up-sloped neckline away from breaking down from a weird and bearish pattern.
Giving Bears Pause
We have talked about what is negative for the US stock market. From the signal in the banks vs. S&P 500 to a young uptrend in long-term T bonds vs. the S&P 500. Here is the 2011-2014 market leading BKX-SPX in breakdown mode.
Gold In Euros
Not that I want to poke fun at an asset (it’s more its promoters that deserve the poking) that I have considered essential monetary insurance (read: value) throughout its cyclical bear market
Gold Price Is Up!
Okay, everybody get excited. The gold price is back above 1300 on a Monday pre-US open.
Gold To $10,000 An Ounce?
This forecaster was anointed by Jim Sinclair when he went bullish. Evidently he had made a top call at $1900, I guess giving him credibility and in gold bug circles, guru status as a forecaster.
Confidence In Big Tech?
We noted last weekend in NFTRH that it was probably not a good thing that the VIX’s tech-related cousin, the Vixen was dropping in lockstep with the expected bounce in the Nasdaq 100. Here’s the weekly chart.
The Continuum
You did not hear about the red dotted line (AKA the monthly EMA 100 ‘limiter’) on the ‘Continuum’ anywhere else. Just here; though I recall Jeff Gundlach remaining firm on T bonds in the face of the hype. Now the herds pile into T bonds as risk starts going 'off.'
Treasury Yields Updated
Treasury yields are dropping but the curve is rising again today as risk goes ‘OFF’ and the curve starts to become notable by some short term technical parameters as reviewed in an NFTRH update yesterday.
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