I’ve shared this chart many times, and it’s working great. It is the XME/GDX​​​​​​​ ratio, which has suggested that, over the long haul, being long GDX and short XME would be a great pairs trade. So far, so good, and plenty more to come!

Well, it’s finally happened. I’ve been warning for months - since it was cooler outside - that the carry trade in increasingly expensive Japanese yen was likely to blow the markets apart.

Gold price dropped below $2,400 on Tuesday, extending its losses for the second consecutive day as US Treasury yields rose amid an improvement in market mood.

In 2023, one of our best callouts and profitable swing trade was buying the Vietnam ETF on the lows and riding it to its peak in September 2023.

GBP/USD backslid nearly a full percent on Tuesday as the Pound Sterling continues to deflate against the broader FX market.

The USD/CAD pair trades flat around 1.3785 during the early Asian session on Wednesday. The US Dollar (USD) rebounds as some calm returns to the markets, which helps limit the pair’s losses.

The major indices slid back down to where they opened this morning.