All Reports:

January 16, 2026

Silver Becomes a Core Input to the AI and Electrification Cycle

By Bob Brogan

Silver is no longer trading as a marginal industrial input or a secondary precious metal, and with prices now above $90 the move is being driven less by speculation and more by a tightening supply-demand…

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January 16, 2026

Relative Performance Buy Signal Emerging Markets Asia ~ China & Tawain

By Terence W. Brogan

Monday, we recorded a relative performance Buy Signal for MSCI ACWI ex USA, Europe & Emerging Markets versus the USA (S&P500) and today we are going to focus on Emerging Market Asia. It is no…

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January 15, 2026

It’s getting too Crowded!

By Bob Brogan

Source- Picture from Zerohedge Sleeping Giant “the Volatility Tracker ($VIX) now appears to be awakening for a potential price advance that reliably occurs when the $VIX Volatility Index drops to bottom deciles in value (0%…

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January 15, 2026

Japan Relative Performance Buy Signal

By Terence W. Brogan

Monday, we recorded a relative performance Buy Signal for MSCI ACWI ex USA, Europe & Emerging Markets versus the USA (S&P500) and the largest weighted country in the international index is Japan. So, it is…

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January 14, 2026

Morning Market Notes — Victory Laps, Meet Reality

By Bob Brogan

December CPI is being treated as a mission accomplished banner moment. Victory tweets are flying, charts are being waved, and inflation has officially been declared “handled.” Out in the grocery aisle, prices are still climbing,…

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January 14, 2026

Money Flow Model Still Positive

By Terence W. Brogan

Yesterday we spoke about how our Money Flow Model decline looks to have arrested but let’s not hold our breadth. As you can see from the chart of the model below, the spread has been…

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January 14, 2026

Russian Economy may collapse in 2026 as reserves run dry

By Bob Brogan

Source: Fortune The Russian economy has found itself in its worst state since the beginning of the full-scale invasion of Ukraine due to a steep decline in oil revenuesand the depletion of reserves. Despite claims by…

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January 13, 2026

Relative Performance Buy Signals Triggered Global, Emerging Markets, Europe, & US Mid-Caps & US Small-Caps

By Terence W. Brogan

Over the past several trading days we have been noting the weakness in our high frequency Money Flows and good news, our Money Flow Model had very positive reversal yesterday, arresting the decline that we…

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January 12, 2026

Gold Players

By Bob Brogan

Current Status and Forward View: Beyond central banks, the IMF is the largest institutional holder with roughly 2,800 tonnes, making it the most significant supranational holder outside sovereign reserves, while several sovereign and state investment…

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January 12, 2026

Cyclicals Running Into Resistance, Will They Breakout?

By Terence W. Brogan

We’ve been Bullish on the equal weighted Cyclical, Value/Hard Assets since July 21, 2025 and they have underperformed up until Nov 3, 2025. Since then, we have seen very nice outperformance versus the S&P500 from…

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January 9, 2026

What This Means for Gold & Silver Allocation

By Bob Brogan

Silver and gold are facing predictable, mechanical selling in early January due to Bloomberg Commodity Index rebalancing, which forces trimming of recent winners. This can create short-term volatility and pullbacks, but it does not change…

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January 9, 2026

Mirror Money Flow

By Terence W. Brogan

Today we are going to show an indicator that we call Mirror Money Flow as we are showing the stocks in S&P500 that have positive money flows with the mirror image of negative money flows….

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January 8, 2026

Copper’s Comeback Could Spark the Next Big Junior Breakout

By Bob Brogan

Copper prices have swung wildly in 2025, plunging from $5.80/lb to $4.35/lb in July, only to roar back to $4.85/lb by October.  That rebound isn’t noise. It’s a signal. The world’s insatiable demand for copper, from AI…

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January 8, 2026

Two Major Problems

By Terence W. Brogan

There are two problems with the stock market that are continuing to trouble me, our high frequency Money Flows and the Cost of Capital (Bond Yields). As everyone knows, our Money Flow Model has been…

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January 7, 2026

Year-Ahead Outlooks Imply a Clean Reset Ahead!

By Bob Brogan

Stock markets don’t usually follow calendars, but they certainly do follow our daily Money Flow & Relative Performance Ratio metrics. We assign daily combined scores (0% to 100%) for every trading day on every equity…

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