Articles

Everybody knows that energy has been one of the biggest laggards of this bull market. 

While technology, industrials, and even some of the more defensive sectors have staged powerful uptrends, energy has gone sideways at...

The US Dollar continues to weaken, and international energy stocks are one of the groups benefiting most from it.

Look at what’s happening in the global energy space. While US energy (XLE) has chopped sideways for the better...

We’ve been pounding the table on Gold for months, and nothing in the data...

For forty years, bond yields trended lower. From the early 1980s until 2020, the 10-year Treasury yield fell through every cycle. 

Each downturn, each policy mistake, was met with the same cure: cut rates, buy bonds, suppress yields...

Plato’s allegory of the cave endures because it speaks to the nature of perception. 

Prisoners chained in darkness see only shadows on the wall, mistaking them for reality. 

When one escapes, the...

Leadership keeps showing up in places no one’s watching. Take Peru.

The Peruvian Sol (PEN/USD) just registered its best single-day performance since 2023, reaching fresh five-year highs against the US Dollar.

...

The Gold secular bull market is acting exactly how bull markets should. 

Every dip gets bought, every pullback is shallow, and the laggards are catching up to the leaders. 

That’s textbook bull market behavior.

We’ve been...

It wasn’t that long ago when Wall Street shoved ESG down everyone’s throat. 

Fresh off the post-COVID boom, asset managers packaged carbon credits, renewables, and “green” investments as if they were the only game in town.

The...

When it comes to Latin America, currencies are known to tip the hand for equities. 

When LATAM currencies outpace the US Dollar, their bond and equity markets tend to follow suit — often outperforming US benchmarks.

When Aristotle tutored the young Alexander the Great, he taught him to see the world not just as it was, but as it could be....

Last week, we discussed how the recent weakness in precious metals stocks was merely a short-term corrective wave, presenting...

College football is almost back in the U.S., and in the futures market, that means it’s Natty Season. 

August is by far the best month of the year for Natural Gas futures - not even close - and the seasonality data proves it.

That’s...

We’ve been pounding the table on a weak dollar cycle for months now… and it’s been working very...

There’s a stealth correction unfolding in the precious metals space. 

Most people aren’t paying attention because the headlines are quiet, and the price action has gone mostly sideways.

But to us, this is where things get interesting...

We’ve been pounding the table on Copper and the broader base and industrial metals trade for months now. 

And this week? 

...

If you're still looking for leadership outside the U.S., start by looking at the local currency.

The Polish Zloty is breaking out—clearing multi-year bases against both the Euro and the Dollar.

It’s...

Precious metals are still running the show.

Ever since Gold futures decisively resolved its multi-decade base last year, the entire complex has been in beast mode. 

...

Over the past few weeks, we’ve been watching the breadth expansion in commodities take shape. 

First, it was...

Inflation, yields, and the slow death of the last regime.

Today, we have two charts and one message: bond yields are poised to surge.

To understand where yields are headed, don’t start with the Fed - start with commodities...

Markets are always talking. The trick is in discerning what to listen to versus what to ignore. 

There’s a lot of noise out there these days. You can get lost in it. 

But when it comes to commodities...

Precious metals have been stealing the show in 2025.

...

Copper has started a fire in commodities.

 We’re seeing breadth...

Precious metals have been on fire this year, and the strength is...

For months now, we’ve been pounding the table on Copper. 

Now, the trade is on fire. Copper futures had their best day ever...