From the Desk of Ian Culley @IanCulley
Black Gold is breaking out!
Crude oil is flipping weeks of indecision into conviction following a hard retest that frustrated traders earlier this month.
Let’s take a look…
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Black Gold is breaking out!
Crude oil is flipping weeks of indecision into conviction following a hard retest that frustrated traders earlier this month.
Let’s take a look…
by JC
In the early stages of my Wall Street career, it was cool being a Gold Bug.
All my heroes were Gold bugs.
I learned in the early 2000s that pricing assets in Gold helped put market trends into context.
The Dow/Gold ratio was the ultimate Gold Bug Chart at the time.
You can see the Dow/Gold ratio here plotted in black, compared to the Dow Jones Industrial Avg itself overlaid in green. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodities are in the early innings of a secular bull run.
The list of raw materials hitting all-time highs since 2020 includes Gold, Copper, Wheat, Soybean Oil, Cattle, Orange Juice, Cocoa, Heating Oil, Gasoline, Palm Oil, Lumber, Tin, Rebar, Iron Ore, and Coal. (If that roll call doesn’t scream commodity supercycle, I don’t know what does.)
It’s an exhaustive list that will only grow in the coming years. Remember, these cycles can last decades. We’re only in year four!
Of course, there are also some laggards amongst the ranks. (ahem, Crude). But don’t lose sight of the bigger picture!
Even Soybeans are queuing up for new all-time highs…
by JC
This is a great thing, but only if you allow it be great.
Interest rates went out yesterday at their highest levels since November.
Do you really believe that the 10-year yield keeps going up because interest rates are going down?
lol
There are people who actually believe that.
So for us, who actually take the time to look, we know that it’s the exact opposite.
Commodities are heading higher. And Interest Rates are rising with them. [Read more…]
by JC
This is the video recording of the March 2024 Mid-month Conference Call.
by JC
Are you prepared for a market environment where Commodities are ripping higher and stocks continue to struggle?
Don’t worry, most people are not.
In fact, so few people are prepared for this line to go up, and so much pain will be felt by so many (investors or otherwise), that this is exactly the outcome I’m betting on. [Read more…]
by JC
Have you heard that stocks are going up in anticipation of lower interest rates?
Me too.
That’s hilarious isn’t it?
What about all those journalists?
Are they feeding you the same garbage?
Yup!
How about the Biden?
This guy is still the President of the United States. And he’s telling you that rates are going down.
Have any of these people even bothered to look?
Or are they just lying to you?
Neither is an acceptable answer.
The U.S. 10-year Yield just went out yesterday at the highest weekly close since November. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Metals are working.
Gold is printing new all-time highs. Copper is trading above four bucks. And Palladium…
Well, Palladium has stopped going down.
Considering Palladium’s Commitment of Traders (COT) profile, its tendency to trend with technology stocks, and where it stopped falling…
It’s time to buy!