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 →
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 […]
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 […]
Metals: Metals do not like higher rate talk. I truly do not expect a rate hike before year end but the Fed likes to throw it out there every now and then just after they release a false jobs report to keep indices moving up knowing they will just adjust the jobs number considerably lower […]Continue Reading →
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