With John Hampson

On The Attack

Phasing more into long gold, short Dow, and opened ETF agri long. Don’t follow me… here is my case. Gold has been making a long base with rising underlying strength … Continue reading

May 15, 2015 · 412 Comments


In six charts. 1. Showing a 6 month negative divergence in breadth and strength like that in 2011: Source: Stockcharts 2. Plus a similar period of divergent money flows: Source: … Continue reading

May 11, 2015 · 179 Comments

Short Term US Update

The breakout in equities is likely to become a fake-out or short final up leg, based on historical indicator patterns. Breadth and strength have negatively diverged: Source: Stockcharts Volatility relativity … Continue reading

April 26, 2015 · 576 Comments

All Change At The Solar Max

1. The solar maximum peaked out mid-2014 2. Geomagnetism intensified since then 3. That’s twin negatives for risk assets, reflected in the drop in commodities 4. It’s also twin negatives … Continue reading

April 19, 2015 · 273 Comments

Big Picture USA

The solar maximum peaked out mid-2014: Source: Solen Speculation should peak out with it, and that appears to have been the case with trend changes in stocks, commodities, dollar and treasury … Continue reading

April 5, 2015 · 664 Comments

Post Equinox

Did the mania leader, Biotech, peak out on the Equinox, 20 March?  Source: Stockcharts Too early to determine, but the relevance of the Equinox is here: Source: Stockcharts Not just … Continue reading

March 29, 2015 · 309 Comments

End Of The Mania

The irrationality continues, but not for much longer. After last year’s solar maximum, the cross-asset picture changed. Global stocks entered into a topping range whilst money flowed into the US dollar … Continue reading

March 22, 2015 · 287 Comments

ZIRP vs Solar

US economic surprises are now at their worst level since 2009: Source: Bloomberg / Jessie Felder A trio of such bad data releases are charted here: retail sales, wholesale sales … Continue reading

March 15, 2015 · 441 Comments

State Of The Markets

1. Commercial positioning in the EuroDollar is extreme, suggesting a significant reversal should be at hand: Source: Dana Lyons 2. Gold positioning is not at the same extreme. The positioning … Continue reading

March 8, 2015 · 434 Comments

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