Gary Tanashian | TalkMarkets | Page 81
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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ECB: Intensify What’s Already Not Working
“First, it is committed to experimenting even more with its use of unconventional monetary policy, including by taking the deposit rate even more negative and starting a program to purchase asset-backed securities.”
AAII Sentiment Elevated
The ratio of bulls and bears in the latest AAII sentiment survey is unhealthy for the stock market on the short-term view. In fact it is as close to as unhealthy as it gets during the cyclical bull out of 2009.
HUI Daily Chart
There are worse things that could happen than filling a gap and scattering the wrong kind of gold bugs back out.
Gold Stocks Hang Tough
Here is the monthly view of HUI…
Continuum Updated
The Continuum ™ (monthly 30 year yield) is bouncing hard today after dropping deep into the support zone we have been noting for months after inserting another red arrow at the peak of the Great Rotation hype (GRH).
Yield Curve, Etc.
Folks, this is a barn burner of a rush out of T bonds. With yields launching like this we should note that the the curve is actually declining as people are getting the heck out of short-term bonds faster than any other kind.
US Dollar Nears Target
The UUP ETF already hit its measurement at 22 and now the over bought Uncle Buck is nearing its measurement at 83.50. One valid question in trying to plot Unc’s future is how long will the Fed choose to sit by and hold ZIRP as the economy strengthens?
Market Ratio Messages
Gold vs. SPX has meandered out of a long Falling Wedge (blue dotted) with 2008′s Fear Gap still lower. On the big picture the risk vs. reward is with gold over the stock market.
Gold And Silver CoT
Silver did not do much but it had been improving much more steadily than gold, which mysteriously (ha ha ha) took a sizable hit a week ago Thursday.
HUI Timing Boxes
2013-2014 would-be bottoming grind in HUI has been almost exactly the duration of the 2010-2011 topping grind.
Doctor Copper Updated
Copper is a tough one. If copper hangs in and hints at an ‘inflation trade’ (i.e. anti-USD) bounce to come, I’d like to buy COPX or FCX. The charts are coming along nicely. COPX was NFTRH+’d recently for just such an occasion.
Gold Miners & Inflation
A constant struggle in writing about the precious metals is in trying to be clear about the differences between the gold stock sector and other sectors when it comes to inflation.
Yield Curve Today
The 10-2 yield curve is dropping hard today implying risk is very much ‘ON’, all is well in the system and inflation angst is nowhere to be found. It’s a beautiful day today!
Currencies Big Picture
Since the last currency update using monthly charts, Uncle Buck is turning a resistance level to support. This will be firmer with an August close above.
Gold Hatred And A Long-Winded TA Screed
About a year ago NFTRH projected two possibilities (within the context that it was only in the realm of potential) and they were a ‘W’ bottom or failing that (it promptly failed) an Inverted Head & Shoulders on the HUI.
Gold Vs. SPX
While we have been charting a constructive gold vs. commodities big picture view, we have also kept track of a disgusting gold vs. SPX big picture view as gold has been “boxed in” as it grinds around looking to close the gap from 2007.
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