by Chris Kimble | Jul 29, 2021 | Kimble Charting
As inflation concerns remain in the headlines, today we look at the potential of food inflation by looking at cattle futures prices (i.e. beef). Earlier this week we analyzed hard commodities Copper and Silver, as they are inputs and indicators for industrial...
by Chris Kimble | Jul 28, 2021 | Kimble Charting
Just as the economic recovery is picking up steam, there are mixed messages coming from inflation data as well as the equities (breadth) and bonds markets (yields). Enter the commodities market… here we can find several key economic inputs that are elevated, and some...
by Chris Kimble | Jul 22, 2021 | Kimble Charting
The monster rally that unfolded across the commodities spectrum post-COVID crash lows, carried everything from precious metals to energy to lumber to agriculture price higher. While certain commodities have recently pulled back, others have stayed the course. One such...
by Chris Kimble | Jul 21, 2021 | Kimble Charting
Trading momentum indicators slowed down several months ago for the precious metal industry. And, as any investor might imagine, gold and silver stocks have struggled. Especially mining stocks. Today we take a look at the Junior Gold Miners ETF (GDXJ), highlighting...
by Chris Kimble | Jul 15, 2021 | Kimble Charting
The Australian Dollar currency is trading near a very important resistance level. And the implications are massive… especially for Gold and the precious metals complex. Today’s chart looks at a long-term “monthly” chart of the Australian Dollar (“Aussie” Dollar). As...
by Chris Kimble | Jul 14, 2021 | Kimble Charting
The price of Copper continues to be an indicator for the economic recovery, as well as emerging inflationary concerns. We’ve seen Copper prices rip higher over the past several months (similar to 2009/2010). On one hand, this is signaling (and underscoring) the...
by Chris Kimble | Jul 13, 2021 | Kimble Charting
It’s been a decade of ebb and flow for Gold. Bulls have seen the best of times (new all-time highs), the worst of times (nearly 50 percent decline), and nearly the best of times again (test of all-time highs)… Today’s Gold to US Dollar Ratio “monthly” chart depicts...
by Chris Kimble | Jul 8, 2021 | Kimble Charting
Inflation pressures are increasing as the economy tries to digest a prolonged period of higher commodity prices. While select commodities have pulled back (and this has investors hopeful that inflation moderates), the broader commodities arena remains elevated. So...
by Chris Kimble | Jul 7, 2021 | Kimble Charting
Financial and bank stocks have been lagging the broad market for the past month. While the S&P 500 is posting new all-time highs, the SPDR Financial Sector ETF (XLF) is trading below its highs. This chart comes from Marketsmith.com, by Investors Business Daily! So...
by Chris Kimble | Jun 30, 2021 | Kimble Charting
Rewind to March 2020 and things weren’t looking so good for commodities. COVID-19 was in the news and several assets were trading sharply lower. Then came the comeback. And in a big way. Perhaps even concerning way when you fast forward to today. As you can see in...
