Daily Archives: May 29, 2017

Currencies, and Some ‘Out There’ Thoughts on Inflation, Stocks, Gold and Miners

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NFTRH’s ‘Currencies’ segment (one among a report filled with critical insight across all major market segments and many of the stocks therein) went off its usual brief message and riffed into some macro discussion on inflation’s post-2011 path. Excerpted from the May 28th edition of Notes From the Rabbit Hole

Uncle Buck’s index is weak and the SMA 50 is crossing below the SMA 200. Before long we will be reading about it in the media. Now let’s consider a theme we’ve promoted for years; when the media trumpet a “DEATH CROSS!” * it is time to brace for the opposite implication to the media’s bearish promotion. Our view has after all, included a decline to the mid-90s for the index. Meanwhile, USD/JPY is decent right at the SMA 50, USD/EUR and USD/CHF are at lateral support and USD is at least neutral vs. the Commodity currencies. (more…)