Archived IMT (2009.05.15)

Intermarket dynamics working like a symphony. The old/Oil ratio has further recovered as discussed in Thursday's article. Oil dropped to as low as sub-$57 (signaled in Thursday's IMT) and gold pushed to its highest since Mar 23 at $934. Forex markets saw further USD stabilization, prolonged yen strength and broad losses in NZD, each of which were called for on the website and our twitter updates throughout the week. Last but not least, equities continue to respect the 8-week cycle. All of these dynamics fully dissected in the just-released Workbook.