US Industrial Production Quarterly Log ChartWhat happens to precious metals when industrial production MOMENTUM breaks down?
#Gold and #Silver are in process of carving out GENERATIONAL bottoms.
About Industrial Production: Total Index
Industrial Production and Stock MarketWhoever tells you industrial production does not matter to the economy and markets bc we are service based.
Tell them they are clueless! At the very least they cause stagnation in the economy and wild moves in markets.
DATA VIEW (NOT A FORECAST): US INDUSTRIAL PRODUCTION GROWTH FINEIndustrial Production Index has been trending within its relevant ascending range since 2011 and has restored all the losses of the 2008-2009 financial crisis back in mid-summer 2013.
Thus overall the Industrial production in the US is developing at a good pace, in line with the lateral uptrend in
Indicators-Economic Data, Don't Knock IT Until You Have Tried ItWhen looking at the Industrial production Index (one of the best forecasters of future recessions) you noticed every top over 50 years, has been marked by a significant angle divergent. @nmike a long time ago introduced me to RSI (50) and how to properly use the indicator. He just recently revisite
Industrial Production -- Rolling 12 Month Percent Change StrongIn the top pane is this month's latest Industrial Production Index, compared against the SPY, both on a Monthly timeframe. Plotted in the second pane is the rolling 12 month percent change in industrial production.
The IPI is an indicator prepared by the Federal Reserve Board using data from the
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