Metals: Gold and silver pushed to their almost exact resistance points as the Fed is backtracking on the timing of interest rate hikes. Copper pushed to the top of its range but I would wait for lower action there to buy. Gold; The Fed will raise rates again, but probably not until at least the […]Continue Reading →
Metals: Copper has settled into a much higher range since the big rally after the election and gold and silver have stabilized and have been creeping higher since the bonds started advancing which shows a possible slower acceleration of rate hikes. Gold; From highs at $1350 in early November February gold pushed all the way […]Continue Reading →
Financials: March Bonds are currently 1 lower at 150’00, 10 Yr. Notes 5 lower at 124’10, 5 Yr. Notes 4 lower at 117’25 and June Eurodollars 1.5 lower at 98.825. Italy’s rejection of Prime Minister Renzi’s proposed reforms initially rallied the Bonds and Dollar but eventually these markets stabilized to current values. We have been […]Continue Reading →
Ok Last Friday. turkey sandwiches, Saturday turkey tetrazzini, Sunday turkey soup, yesterday turkey pot pie. Ok Rover, time for some chopped turkey tonight. Well, it’s new to Rover.
Metals: As expected gold and silver were slammed as soon as the Fed started talking up higher rates probably by the December meeting. They look […]
Financials: Dec. Bonds are currently 5 lower at 154’28, 10 Yr. Notes 1 higher at 126’16, 5 Yr. Notes 2 higher at 119’02 and June Eurodollars 0.5 higher at 98.905. Over the last week Bonds dipped slightly below the 153’00 support level before rallying to the 155’00 level. I am for the moment using the […]Continue Reading →
After rising from 250 in August to highs just below 370 by mid October the warmer than average US temperatures weighed on futures and in a three weeks stretch February natural gas fell all the way back to 276 or nearly 1.00. Temps are starting to become more normal and I expect a seasonal move […]Continue Reading →
OK folks it is obvious that ½ of the country is now happy while the other ½ is less than pleased. There is one common ground on which both sides I’m sure will agree. At least we don’t have to watch the nasty television ads sent out from both sides 24 hours a […]
Financials: Dec. Bonds are currently 9 lower at 156’22, 10 Yr. Notes 12 lower at 127’21, 5 Yr. Notes 7 lower at 119’26 and June 2017 Eurodollars 3.5 lower at 98.910. Results of a Trump victory saw one of the most volatile days in recent history with Bonds having nearly a nine handle the range […]Continue Reading →
Financials: Dec. Bonds are currently 11 lower at 163’31, 10 Yr. Notes 5 lower at 130’00.5, 5 Yr. Notes 3 lower at 120’27.5 and June Eurodollars 1 lower at 98.95. I remain on the sidelines awaiting an opportunity to go short Eurodollars above 99.040.
Grains: Dec. Corn is 0’6 higher at 349’0, Jan Beans […]
Financials: Dec. Bonds are currently 7 higher at 163’14, 10 Yr. Notes 2 higher at 129’29.5, 5 Yr. Notes 1.5 lower at 120’28 and June 2017 Eurodollars 1.5 higher at 99.990. We have taken profits on short 10 Yr. Note and the combination of short 10 Yr. Note/short out of the money 10 Yr. Note […]Continue Reading →
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