Took me a sec to understand this one. Inverted yields calling for a top in ISM manufacturing numbers. When those yields are shifted forward 18 months.

Decent correlation.

1/
6/ There are a lot of correlations with manufacturing pointing to a slowdown in August - September.

This is in line with seasonal tops in decennial and election cycles for this time of year.

$SPY $QQQ $SPX $IWM $VIX $VXX $AMZN $GOOG $AAPL $DJI

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More from @dailyEdgeGroup

16 Jul
Odds are, most will capitulate in the next 4 weeks if $SILVER decides to do the standard final flush before the big summer rally. It's happened before, it can happen again.

Look at 2005, 2006, 2010.

🧵

$GOLD #GOLD #SILVER $GLD $SLV $DXY $SPY $VIX $GDX $GDXJ $SILJ $DXY $USD
Typically gold and silver begin their summer rallies in June/July and last until late August to early September. 2020 was a good example of this.

US Dollars in post election years and years ending in -1 typically have a major top in the first half of July and descend into October.

Read 9 tweets
14 Aug 20
I like to drink bourbon and make crazy charts. I find it interesting that the year 1996 – 2004 rounded bottom is about the same length in total days as the 2011 – 2020 rounded bottom. From that bottom in 1999 we had a 662% increase that took 6 years once the breakout started $GLD Image
The correction in 2004 right after the breakout dropped gold a little less than 10%. The high was retested, and then it made another low to make a 13% correction.

When gold broke the 2011 high, we had about a 10% correction again.

$GLD $SLV ImageImage
Gold seasonality ends on SEP 2 on avg for the last 10 years. This “little” correction we have had is actually right on schedule. It is big yes, but that is a testament to the overbought level it reached. $GLD had a daily RSI reading of 90.5, a value only surpassed in 1999 of 92.1 Image
Read 5 tweets

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