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Gold/Mining/Energy : Big Dog's Boom Boom Room
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From: isopatch5/27/2014 4:49:41 PM
3 Recommendations

Recommended By
JimisJim
roguedolphin
Salt'n'Peppa

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Looking at various commodity groups, am not convinced we're headed for a large increase in inflation. Oil and to some extent, natural gas prices have been supported more by geo-political stress than we've seen in years.

Elsewhere, indications of weakness are hard to ignore:

The 3 yr wkly CRB appears to be putting in the right shoulder of a bearish head and shoulder formation confirmed by weekly MACD which is in the process of executing a bearish crossover:



A few individual charts, that we don't usually look at, caught my eye:







Copper is a showing near term strength. But, in reality, it's simply rallying back to resistance after breaking hard in March.



We're late in the economic cycle, a time when price pressures build and pricing power could temporarily improve. Don't get sucked into holding the bag as the smart money looks to distribute their long positions behind the cover of the usual Financial MSM hype.

The primary secular (multi-cycle) trend remains deflationary, IMO.

Iso
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