All Reports:

March 27, 2026

Iran Is Sinking — And Running Out of Water

By Bob Brogan

Little known, but to a few: Iran’s homeland is sinking every day and its water supply is rapidly disappearing. Yes, many Iranians want to migrate to safety — and this part is real, documented, and…

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March 27, 2026

As Goes Commodities, So Goes Inflation; As Goes Inflation, So Goes Interest Rates; As Goes Interest Rates, So Goes The Stock Market

By Terence W. Brogan

When it comes to understanding inflation, my father taught me a very simple axiom; “If you want to know what inflation is doing, just look at Commodities”. Today we are going to take this one…

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March 26, 2026

Paper Gold under Fire

By Bob Brogan

Yesterday (3/25/26), gold futures sold off sharply into mid-day, testing their rising 50-week moving average before staging a powerful hammer reversal and rebounding strongly into early March 26; if volume confirms today, this price action…

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March 26, 2026

Interest Rates @ Bearish Tipping Point

By Terence W. Brogan

Yesterday we started talking about the Bear Story again as our Money Flow Model looks to be on the verge of going negative again. Our Model is experiencing unprecedented volatility which I think speaks very…

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March 25, 2026

Money Flow Model ~ Steep Decline

By Terence W. Brogan

Since St Patty Day (doesn’t look so lucky) we have seen a very steep decline in our Money Flow Model to the point where it has taken me several days of analysis to interpret what…

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March 25, 2026

The Global Monetary System

By Bob Brogan

The global monetary system appears to be slowly changing toward a system backed by multiple forms of collateral, where sovereign debt, physical gold, and commodity-based assets all help support currencies, instead of the world relying…

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March 24, 2026

Light at the End of the Tunnel

By Bob Brogan

Recent reports suggest the Iran war may be approaching its final phase, with the coming weeks potentially shifting toward ceasefire discussions and a transition into long-term economic recovery. Even if fighting slows, meaningful damage to…

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March 24, 2026

Cyclicals vs. Non-Cyclicals ~ Positive Outperformance Trend

By Terence W. Brogan

Today we are showing the Relative Performance Ratio of our Cyclical Index (Financials, Industrials, Materials, Energy, Discretionary & Technology) versus our Non-Cyclcial Index (Utilities, Staples & Healthcare). We are showing all the market caps because…

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March 23, 2026

Money Flow Model Still Positive

By Terence W. Brogan

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March 23, 2026

Why This May Be One of the Riskiest Markets of the 21st Century

By Bob Brogan

Long-time Barron’s reporter Randall W. Forsyth recently described the current market environment as “one of the riskiest moments of the 21st century,” and the data increasingly supports that view. One of the primary concerns is…

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March 20, 2026

Money Flow Breadth ~ Recording Positive Divergence

By Terence W. Brogan

Today we wanted to look at the Money Flow Breadth of the Large and Mega Cap markets as seen through the constituents of the S&P500 and the S&P100. What we are seeing is the markets…

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March 20, 2026

The Question for today is no longer if, but how long?

By Bob Brogan

Markets continue to grind lower rather than break outright, as positioning unwinds in an orderly fashion and key technical levels come into sharper focus. This type of price action often masks underlying fragility—if support levels…

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March 19, 2026

Materials Sector ~ Sideways Trend

By Terence W. Brogan

Today we are looking at the long-term Relative Performance Trends of the Materials Sector and Industry Groups versus the S&P500 Non-Cyclical (Utilities, Staples & Healthcare) Index. Below we are looking at the Relative Performance Ratio…

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March 19, 2026

Morning Market Notes

By Bob Brogan

The question of whether the United States will monetize its gold reserves to support the U.S. dollar is re-emerging, not as an immediate policy action, but as a reflection of growing structural pressures within the…

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March 18, 2026

Wash, Rince, Repeat!

By Bob Brogan

Since 1979, the Islamic Revolutionary Guard Corps has persisted not because it is morally accepted, but because it is embedded within the sovereign structure of Iran. Created after the revolution to defend the regime and…

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