Gary Tanashian

Right in plain site, the Federal Reserve is doing this to the US money supply. It is a hockey stick with the blade pointing up, but will one day turn into a big, bloated chicken and come home to roost. The Fed’s global counterparts continue apace with inflation as well. Meanwhile, economic data like M2′s … Continue reading

Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 235: Is Gold as an Investment Finished? Before delving deeper into that question, perhaps we should see what the mainstream media thinks.  In fairness to the MSM, we note there are plenty of articles on both sides of the debate.  Yet there has been … Continue reading

The last week has been a fright fest for the gold “community”.  But these are the financial markets, not a community.  There is a world outside of what ever is going on in gold and silver.  A macro economic backdrop filled with entwined and correlated assets and markets all trying to form a message when … Continue reading

Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 233: From last week’s Wrap Up Segment: “So we will continue to manage risk in the very short-term because this has worked well for 6 months now and gold and silver look vulnerable technically for at least a test of major support.” Despite … Continue reading

In an earlier post I pulled the old HUI 888 skeleton out of my closet.  888 (AKA the 3 Snowmen) was a target measurement based on how the chart looked in 2010.  It can be liberating to take your worst call and publicize it for the world to see.  They tell me that you sell a lot … Continue reading

I would like to repeat the idea that it is best to subordinate yourself to markets at all times.  To put your ego aside or at least check it daily to make sure it is not leading you astray.  The gold bug ego for example, hardened by a solid decade-plus of relentless bull market is … Continue reading

As the Cyprus drama and other macro events play out and distort normal macro economic signals to varying degrees in the short-term, let’s review the ‘real price’ of counter-cyclical gold vs. the cyclical industrial metals: Au-GYX Ratio, daily chart Au-GYX bottomed hard in February, MACD sported a positive divergence and now the ratio has turned … Continue reading

As human beings we try to intellectualize and get to the bottom of things.  We seek to find meaning in everything.  There must be a reason for what is happening at any given time. Take for example the Dow’s stellar performance and gold’s lousy performance even as monetary policy has gone reckless on a global scale.  This … Continue reading

We have been reviewing different versions of this chart in NFTRH over the last several weeks as the S&P 500 approaches a long-standing target of 1550+.  Today it looks like that target will be hit and exceeded with ease, but last summer and right through the Fiscal Cliff nonsense in December, very few were willing to entertain … Continue reading

Source: BIIWII If you are a speculator, the extreme situations currently in play in the broad stock market (95% of the way to a potential ‘triple top’ scenario price-wise, and 80+% of the way time-wise) and the gold market (impulsive price drops amid growing concerns that the bull is dead despite rising money supply data) … Continue reading

May, 2012: “Gary = Dumb Investor”, which was a memorable comment response (among many) to the SeekingAlpha version of this bullish article: Dumb Money Sold in May and Went Away Presently, I am an “idiot” and a “doomer” for being ‘risk vs. reward’ bearish on the US markets. Excerpted from NFTRH 225: The Great Rotation … Continue reading

To once again quote the man I respected more than any other market professional I have come in contact with, [a late friend], we will list “just the facts” in order to define a complicated, yet very interesting period in time. Stock sentiment was at an extreme over-bearish level by what Sentimtrader.com’s data label “dumb … Continue reading