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Newmont Mining Corporation Message Board

  • subprime_aint_so_bad subprime_aint_so_bad Jan 25, 2014 9:31 AM Flag

    DEFLATION- All heavey commodities selling off last few years

    Gold, silver, copper, fertilizer, you name it-its near the lows. We need a Wiemar Republic type whiff of inflation...and soon.

    Sentiment: Hold

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    • Deflation talk highly Inflated!
      If deflation rather than disinflation were confronting us, complacency & risk on would not be so rampant.
      Deflation palaver is just that.
      Check the TED spread..where's the fear?

      Check the HYG/IEF & HYG/LQD spreads
      RISK-ON tho @ dangerously hi levels remain in uptrends
      this week's speed bump is worth paying attention to but pot holes have sunk many bears all year

      Check out the AAA/Baa spread which. at 71bps down from 333 bps in 2008 is at decades lo's

      Finally, Check the CRB Spot,Raw & Metals Indexes. They have only given up 50% of the last decade's secular superbull mkt gains & maybe are merely consolidating before launching Leg#2

      My only point is that we are in a elevated risk area but the bloated fat lady remains in the wings!

      Is the final mkt top in? will Dow #15700 provide support next week?\
      We'll know more if any rally from lower levels puts in a lower hi.

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