Notes From the Rabbit Hole
@nftrh.bsky.social
Notes From the Rabbit Hole: Market analysis at http://nftrh.com & premium analysis at http://nftrh.com/nftrh-premium/. Get the macro right. Period. Intelligence, not advice.
This Time the Silver Hype Has Macro Backing nftrh.com/2025/12/15/t...
This Time the Silver Hype Has Macro Backing - Notes From the Rabbit Hole
There may be a lot of silver hype, but the bull case is now square with the macro backdrop A slightly edited excerpt from the December 14th edition of Notes From the Rabbit Hole, NFTRH 893: I added to...
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December 15, 2025 at 10:55 AM
This Time the Silver Hype Has Macro Backing nftrh.com/2025/12/15/t...
The New Macro; Gold, Stocks & Debt nftrh.com/2025/12/12/t...
The New Macro; Gold, Stocks & Debt - Notes From the Rabbit Hole
The new macro features real assets over paper/digital assets I have harped upon the symbolic picture of the new macro since 2022. That was the year that the trend in long-term Treasury bond yields was...
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December 12, 2025 at 3:19 PM
The New Macro; Gold, Stocks & Debt nftrh.com/2025/12/12/t...
Whiff of Inflation; Yield Curve & 10yr Yield Updated nftrh.com/2025/12/05/w...
Whiff of Inflation; Yield Curve & 10yr Yield Updated - Notes From the Rabbit Hole
A whiff of inflation from the Treasury market We are still in the realm of a whiff (hint, initial indication, a glint in inflation’s eye) of a coming inflationary phase, but the 10yr-2yr yield curve c...
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December 5, 2025 at 8:08 PM
Whiff of Inflation; Yield Curve & 10yr Yield Updated nftrh.com/2025/12/05/w...
REAL "Real" GDP! nftrh.com/2025/12/03/r...
REAL "Real" GDP! - Notes From the Rabbit Hole
REAL “real” GDP paints the real picture Not much is real in America anymore. Preservationists, Patriots and Historians want to bring reality back. I for one am very much looking forward to watching Ke...
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December 3, 2025 at 2:43 PM
REAL "Real" GDP! nftrh.com/2025/12/03/r...
Yield Curve Sneaking Toward Steepener nftrh.com/2025/12/02/y...
Yield Curve Sneaking Toward Steepener - Notes From the Rabbit Hole
The 10yr/2yr yield curve is taking on a steepening bias Just a little report from beneath the market’s surface. If you’re like me and you want to know the macro beneath the casino’s facade at all time...
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December 2, 2025 at 5:38 PM
Yield Curve Sneaking Toward Steepener nftrh.com/2025/12/02/y...
Silver, Silver/Gold Ratio, and Party Time nftrh.com/2025/12/01/s...
Silver, Silver/Gold Ratio, and Party Time - Notes From the Rabbit Hole
NFTRH 891 excerpt: Silver & Silver/Gold ratio lead a holiday event Excerpted from the November 30th edition of Notes From the Rabbit Hole: Silver, Silver/Gold & Party Time Well, it happens. There will...
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December 1, 2025 at 2:39 PM
Silver, Silver/Gold Ratio, and Party Time nftrh.com/2025/12/01/s...
A Look Ahead As Gold Stocks Resume Rally, Broad Market Shakes Off Mini Correction nftrh.com/2025/11/26/a...
A Look Ahead As Gold Stocks Resume Rally, Broad Market Shakes Off Mini Correction - Notes From the Rabbit Hole
Gold stocks rally with the broad market, and continue leading it The gold stock sector has not been unique since the spring, when it was relatively strong while cyclical markets imploded under the pre...
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November 26, 2025 at 10:39 PM
A Look Ahead As Gold Stocks Resume Rally, Broad Market Shakes Off Mini Correction nftrh.com/2025/11/26/a...
Commodities and the Next Major Macro Phase nftrh.com/2025/11/16/c...
Commodities and the Next Major Macro Phase - Notes From the Rabbit Hole
As the macro backdrop evolves, our investment orientation will include more commodity-related investments and speculations It comes down to a question of when (not if, in my opinion) the broad markets...
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November 17, 2025 at 12:45 PM
Commodities and the Next Major Macro Phase nftrh.com/2025/11/16/c...
NFTRH: 2 Week Free Trial! nftrh.com/2025/11/16/n...
NFTRH: 2 Week Free Trial! - Notes From the Rabbit Hole
Take advantage of a free, two week trial to NFTRH with no strings attached Introducing our offer of two free weeks of the Notes From the Rabbit Hole service. We do not offer discounts for new subscrip...
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November 16, 2025 at 5:52 PM
NFTRH: 2 Week Free Trial! nftrh.com/2025/11/16/n...
Announcement: Live Video Conferencing, Podcast & More, Coming Soon nftrh.com/2025/11/11/a...
Announcement: Live Video Conferencing, Podcast & More, Coming Soon - Notes From the Rabbit Hole
An NFTRH subscriber just asked a very direct question in the comments of an NFTRH+ update posted earlier. This prompts me to announce a new aspect of the NFTRH service coming soon (after I clear my ca...
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November 11, 2025 at 9:04 PM
Announcement: Live Video Conferencing, Podcast & More, Coming Soon nftrh.com/2025/11/11/a...
Reality is One Thing, Markets Are Another nftrh.com/2025/11/02/n...
Reality is One Thing, Markets Are Another - Notes From the Rabbit Hole
The opening segment of the November 2nd edition of Notes From the Rabbit Hole (NFTRH 887) discussed sentiment, the Fed and market indications.
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November 2, 2025 at 3:16 PM
Reality is One Thing, Markets Are Another nftrh.com/2025/11/02/n...
"Gold Bubble" Callers, On Cue nftrh.com/2025/10/24/g...
"Gold Bubble" Callers, On Cue - Notes From the Rabbit Hole
Gold bubble callers have come out of the woodwork lately as gold became very overbought and subject to a correction.
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October 24, 2025 at 6:47 PM
"Gold Bubble" Callers, On Cue nftrh.com/2025/10/24/g...
Much Needed Precious Metals Smash nftrh.com/2025/10/21/p...
Much Needed Precious Metals Smash - Notes From the Rabbit Hole
We are getting a classic precious metals smash after a long run overbought, over-bullish readings in the sector.
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October 21, 2025 at 7:41 PM
Much Needed Precious Metals Smash nftrh.com/2025/10/21/p...
Gold Stock Leverage Caught Many By Surprise nftrh.com/2025/10/08/g...
Gold Stock Leverage Caught Many By Surprise - Notes From the Rabbit Hole
Most people gave up on the concept of gold stock leverage to the price of gold many years. But that was the old macro. This is the new one.
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October 8, 2025 at 6:29 PM
Gold Stock Leverage Caught Many By Surprise nftrh.com/2025/10/08/g...
Down the Rabbit Hole nftrh.com/2025/10/05/d...
Down the Rabbit Hole - Notes From the Rabbit Hole
It's down the rabbit hole again, over two decades later.
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October 5, 2025 at 6:59 PM
Down the Rabbit Hole nftrh.com/2025/10/05/d...
Why Gold is "Value" in Today’s Economy nftrh.com/2025/10/03/w...
Why Gold is "Value" in Today’s Economy - Notes From the Rabbit Hole
Gold is revolution as a value and insurance instrument in a system of paper assets underpinned by debt.
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October 3, 2025 at 8:55 PM
Why Gold is "Value" in Today’s Economy nftrh.com/2025/10/03/w...
Rare Earth Mania: Full Swing nftrh.com/2025/09/29/r...
Rare Earth Mania: Full Swing - Notes From the Rabbit Hole
While a bullish view is justified given global trade dynamics, a Rare Earth mania is kicking in as the media have finally caught on.
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September 29, 2025 at 1:05 PM
Rare Earth Mania: Full Swing nftrh.com/2025/09/29/r...
Best of Both Worlds for Gold and Silver Miners (for now) nftrh.com/2025/09/26/g...
Best of Both Worlds for Gold and Silver Miners (for now) - Notes From the Rabbit Hole
From the standpoint of market internals, it is currently the best over several worlds for gold and silver miners.
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September 26, 2025 at 4:19 PM
Best of Both Worlds for Gold and Silver Miners (for now) nftrh.com/2025/09/26/g...
About the Gold-Led Precious Metals & Strategic Commodity Melt-Up nftrh.com/2025/09/19/p...
About the Gold-Led Precious Metals & Strategic Commodity Melt-Up - Notes From the Rabbit Hole
The Precious Metals & Strategic Commodity melt-up is part of a macro phase change. It will get corrected, but it's likely a long-term phase.
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September 19, 2025 at 5:35 PM
About the Gold-Led Precious Metals & Strategic Commodity Melt-Up nftrh.com/2025/09/19/p...
The Future of Mineral Exploration After 18 Long Years nftrh.com/2025/09/16/m...
The Future of Mineral Exploration After 18 Long Years - Notes From the Rabbit Hole
With the TSX-V index ramping upward, let's discuss the long forgotten area of mineral exploration, which may be entering a big bull phase.
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September 16, 2025 at 1:54 PM
The Future of Mineral Exploration After 18 Long Years nftrh.com/2025/09/16/m...
Speaking of God nftrh.com/2025/09/15/s...
Speaking of God - Notes From the Rabbit Hole
Speaking of God, which I do one last time before moving on, back to my wheel house in the financial markets.
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September 15, 2025 at 3:13 PM
Speaking of God nftrh.com/2025/09/15/s...
Personal Views On American Society & Markets nftrh.com/2025/09/15/p...
Personal Views On American Society & Markets - Notes From the Rabbit Hole
In the midst of NFTRH 880's precious metals segment and interlude came about, discussing American society and markets.
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September 15, 2025 at 12:57 PM
Personal Views On American Society & Markets nftrh.com/2025/09/15/p...
A Confirmation About China By a U.S. Manufacturer nftrh.com/2025/09/14/u...
A Confirmation About China By a U.S. Manufacturer - Notes From the Rabbit Hole
As a former U.S. manufacturer, I can confirm that is was Wall Street and a financialized economy that eroded America's manufacturing base.
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September 14, 2025 at 7:02 PM
A Confirmation About China By a U.S. Manufacturer nftrh.com/2025/09/14/u...
Sad Trader, Happy Trader, Awestruck Trader... Blank Trader?? This Reminds Me... nftrh.com/2025/09/08/n...
Sad Trader, Happy Trader, Awestruck Trader... Blank Trader?? This Reminds Me... - Notes From the Rabbit Hole
The NYSE trader dubbed by NFTRH as happy, sad, awestruck and blank trader had a hilarious interaction with an NFTRH subscriber.
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September 8, 2025 at 3:57 PM
Sad Trader, Happy Trader, Awestruck Trader... Blank Trader?? This Reminds Me... nftrh.com/2025/09/08/n...
Macro View On Plan (NFTRH 879 excerpt) nftrh.com/2025/09/08/m...
Macro View On Plan (NFTRH 879 excerpt) - Notes From the Rabbit Hole
Our historical macro view is presented in bull point form, from 2003 to the current day. Discussion includes gold and the stock market.
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September 8, 2025 at 3:46 PM
Macro View On Plan (NFTRH 879 excerpt) nftrh.com/2025/09/08/m...