With Memorial Day approaching next week I for one offer my greatest thanks and gratitude to all of our military personal past, present and future and pray for their sacrifice and safety on this coming Memorial Day and always. I guess 18 year olds in past generations weren’t allowed the luxury of “safe spaces” to […]Continue Reading →
Hello Fellow Traders,
Yesterday was May Day and what better way to celebrate workers rights and the right to work than by taking the day off from work to protest for rights you already have.
Metals: Gold is holding up nicely near recent lows while silver has been bludgeoned for a $1.70 break […]
OK folks, with baseball season starting we can now say for the first time since 1909…. The World Champion Chicago Cubs !!!!!!!!
Metals: At this point it does not appear that we will see any huge moves for metals. Gold held up better than silver on the late break Friday and yesterday and copper […]
Last fall into winter the LaNina’ pattern was entrenched along the Western US coast in the Pacific. This usually leads to nasty Midwest winters with plenty of cold and snow. By early December we had already seen temps in the single digits and a pair of 8 inch snowfalls. But then ……. A vicious polar […]Continue Reading →
February 14. I know I was supposed to do something today. Now what was that again. Birthday, no. Anniversary, no. It seems like something important but I just can’t put my finger on it. Oh well I’m sure I’ll remember when I get home tonight. This Week’s Commentary. Metals: I have been writing for weeks […]Continue Reading →
Congrats to the New England Patriots as for a change the game overshadowed the much ballyhooed new commercials hype. OK all, two weeks until major league baseball players report to spring training, always a psychological boost to Midwesterners. This Week’s Commentary Metals: As expected the Fed did not raise rates last week and this extended […]Continue Reading →
We are a mere two weeks ago from this year’s Super Bowl and everyone wants to know…. Will Tom Brady have deflated balls again….. or will they rise to the (13.0 psi) occasion? Deflategate ll, the Sequel? Metals: Gold and silver continue to hold near support and drop after testing resistance. Copper is holding with […]Continue Reading →
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 →
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