Commodities have been at the center of our analysis for over a year now. There have been times when base metals have done well. And here have been times when agri commodities have done well. But every single time, precious metals stayed out of it.
Precious metals have been the worst place to be in over the past one and a half years. But it looks as though things are about to change.
Why?
Gold and Silver seem to be interested in jumping on the bullish bandwagon. Are they there yet? Let's take a look!
Precious metals have been the worst place to be in for the longest time. But with commodities across the globe taking off, precious metals finally got the memo. The cargo is on the move, folks!
From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley
US dollar strength is broadening as global currencies lose critical levels against it.
Last week, we outlined crucial support levels in the EUR/USD pair. Those levels have since given way, as sellers have taken control of this major forex cross.
Today, we’re going to highlight two other USD pairs that recently sliced through key levels, further paving a path of least resistance that favors the US dollar.
First up is the British pound, GBP/USD:
The pound has been carving out a distribution pattern for the past year.
This All Star Charts +Plus Monthly Playbook breaks down the investment universe into a series of largely binary decisions and tactical calls. Paired with our Weight of the Evidence Dashboard, this piece is designed to help active asset allocators follow trends, pursue opportunities, and manage risk.
Welcome back to our latest Under the Hood column, where we'll cover all the action for the week ended March 4, 2022. This report is published biweekly and rotated with our Minor Leaguers column.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Not many people know this, but I used to be a gold bug way back in the day.
Mid-2000s and into the financial crisis and beyond?
I was Mr. Gold Bug.
Any good technician was. That's how price told us to behave.
But then a funny thing happened. A combination of price and common sense proved that being a gold bug was no longer a good idea. That was about a decade ago.
And you know how humans are. Many of those angry little buggers stuck around and held other people's bags this entire time, while stocks and other risk assets have ripped making everyone rich, except for gold bugs.
It's funny how life works.
Because I think we might be back.
It's hard not to be in the Rocks > Stocks club these days.