Gary Tanashian

Amid continuing inflationary policy, the US Dollar is at a critical juncture by both daily and weekly charts.  Euro targets 142+ and the Yen approaches our target.  Currency war kicks off; gold just sits there biding time. From last week’s eLetter: “A Goldilocks atmosphere was expertly created in large part due to the fact … Continue reading

With our dear monetary leaders only two days away from bestowing upon us their latest financial wizardry, we should be aware of the money supply dynamics in play.  This week FOMC will either ramp the production of printed money, hang back and play coy while letting the existing $40 billion in MBS carry the load … Continue reading

The long-term T bond could be a great short even if it remains within its secular uptrend (interest rates in a secular downtrend) because as the big picture monthly chart of the ‘Continuum’ shows, there is a long way up to the 100 month EMA where another theoretical red arrow would be painted on long-term … Continue reading

I have been writing about risk management for quite a while now in the newsletter and want to be a little more explicit about it now here on the site.  We’ll use weekly charts to illustrate. The nominal gold price has done nothing unusual, even after yesterday’s hard decline to the 35 week exponential moving … Continue reading

This is just a friendly reminder about how bloody important it is for the HUI-Gold Ratio (HGR) leading indicator (to the precious metals sector) to maintain its higher lows status. Yesterday the goons apparently attacked ‘paper gold’ (according to sources who stand on guard for this stuff) after the HGR had become weak.  A … Continue reading

While charting a potential bullish scenario for commodities in NFTRH 213, I became distracted by thoughts of the deflationary mindset that has been cooked up since ‘Bond King’ Bill Gross tugged on Superman’s cape in the spring of 2011 by announcing his short positions against long-term US Treasury bonds, which was in essence a bet … Continue reading

Here is a little snippet from NFTRH 213 that showed the important indicator of gold sector health, the HUI-Gold Ratio (HGR) from three different views; daily, weekly and monthly.  As you can see, daily must hold to keep the weekly intact, which in turn must hold to keep the monthly big picture of the secular … Continue reading

There were reasons for the mind numbing gold stock correction out of the hysterical events of the 2011 Euro-led meltdown and its aftermath.  Take your pick… Too many lousy gold mining operations not keeping on top of costs and/or execution projections. Too many scammy smaller operations doing little more than issuing stock and telling stories … Continue reading

Back in May, as the stock market was heading into its final decline prior to this year’s seemingly improbable second half rally, I wrote an article called Dumb Money Sold in May and Went Away.  Later, this view was backed up with positions in global emerging bonds and markets, global bonds, developed global markets, frontier … Continue reading

  Using the spread between 30 year and 2 year US Treasury yields, we can gauge when policy makers are in control of market participants’ perceptions and when they are losing control to the free market’s will. Operation Twist was announced in September of 2011 in the aftermath of the first phase of the … Continue reading

Excerpted from the September 30 edition of Notes From the Rabbit Hole: I often refer back to my first publicly written article (FrankenMarket Lives, 2004) because it simply stated the terms by which the stock market lives here in the age of Inflation onDemand, which was kicked off by Alan Greenspan in 2001 and is … Continue reading

  NFTRH 204 went like this… Crazy talk about the Outer Limits and complete control in the opening segment (It’s All Out the Window Now) and a serious talk about the DML (Dear Monetary Leader), deflationary destruction and the Crack Up Boom in the Wrap Up segment.  In between was a whole lot of … Continue reading