LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

COT Gold, Silver and US Dollar Index Report - July 10, 2020
By: GoldSeek.com

Gold & Silver Seeker Report: This Week in Mining Issue #21 - Financing's Galore, Early Q2 Production Numbers, and Go
By: Chris Marchese, Chief Mining Analyst at GoldSeek.com

The Silver Pressure Cooker
By: Ted Butler

Gold Stocks Blast Higher
By: Adam Hamilton, Zeal Research

Banking on a Bluff: The Biggest Gold Scam in Modern History
By: Marin Katusa

Epochalypse Now: How Deep is Your Depression?
By: David Haggith

Stock market update: good time to be on the sidelines
By: Gary Savage

Precious Metals Update Video: Gold market a crowded trade?
By: Ira Epstein

Is it Time To Dump Gold Stocks?
By: Brady Willett, FallStreet

How High Can Gold Go in 2020?
By: Sam Laakso, VOIMA GOLD

 
Search

GoldSeek Web

 
Inflation 'lack of' Expectations


 -- Published: Sunday, 23 February 2020 | Print  | Disqus 

Gary Tanashian, NFTRH

[edit] I neglected to include an important one from a different vantage point, the Silver/Gold ratio. So letís tuck it in right here at the top of the post. While there are other utilities for this indicator, a decline is surely in keeping with the deflationary hints of the charts that follow and if silver gets out of hand vs. gold to the upside one day it would be an inflationary signal, among other things.

silver gold ratio

We know that they are conspiring to do whatever it takes to get inflation up, because without inflation its evil (to Keynesian economists and Federal Reserve officials, anyway) opposite, deflation would take hold and take things too far. The little whirlpool is circling the drain but there is still water * in the pool.

Here are some pictures of failing inflation, despite a still brisk economy and economic data like the big bounce in the Philly Fed and itís respondentsí expectations of higher prices to be charged going forward.

TIP/TLT ratio

TIP/IEF ratio

30 year yield burrowing to a new low.

Which of course informs its precarious big picture, showing the Fed is out of its comfort box in the opposite direction as it was in late 2018 when it was inexplicably (to most onlookers, but not we Continuum watchers) hawkish. Now? They may jawbone about the good economy and no need for rate cuts or the use of exotic tools, but the Continuum (a key macro indicator tracked in NFTRH since its inception over 11 years ago) will decide those things. Itís back in the deflationary danger zone.

The yield curve (source: CNBC) is once again flattening. My suspicion (being a lowly casino patron trying to make sense of this mess, as are you) is that the stock market is not necessarily in trouble during this re-flattening, but when the next real steepener comes it is going to either suck the whole pool of sludge down the drain (deflationary) or radically change the dynamics of the cyclical macro to inflationary, giving the Central Banks what they have been trying to conjureÖ and then some (think of equal and opposite reactions, as this current slide in the Continuum above is to 2018ís aborted upside yield breakout).

yield curve

* Polluted as it is by the toxic turds dumped by policy makers since Q4 2008.

Gary Tanashian, NFTRH

Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com 


| Digg This Article
 -- Published: Sunday, 23 February 2020 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.