For the first time in history, China has imported twice as much gold as US Treasury Debt. Politicians can talk on both sides of Left and Right about the Deficit and who “has to be made to pay”. Like Nero, they watch...
Read MoreDecember Gold popped above 1700. This opens the door for a run back to the August highs at 1900. I’d buy it and get a trailing stop below. I’d buy it and not look at it on a day to day basis. Decide what’...
Read MoreHope you took profits down below 13,000 as I requested. Dow futures are now poking at the top of the range. REMEMBER back on June 4th we traded down below 12,000 , with a low tick at 11,884. In 3 months we have returned to the...
Read MoreIts 11AM CST. Dow futures trading last at 12,983. Today’s low at 12,965 is resting at the lowest level in a month. Take profits on shorts. Move stops down to insure worst case scenario break even. Downside targets 12,720,...
Read MoreDow futures tested the 13,300 level 2 days ago in anticipation of easing or dovish comments from the fed. I am not calling this a top, but, if you have been following me, you know I look for counter trend trades to take lower...
Read MoreIts 11AM in Chicago. Corn down 8 but it had been down 23 earlier. Wheat down 13 but it had been down 23 as well. Beans down 33, after being down 40 earlier. May get a rally to sell here today. Nothing has changed from...
Read MoreCorn yield was lowered to 123 pencils to a 10.7 Billion Corn crop. Bean yield 36, 2.6 billion bushel crop. Bullish number. We had a 30 cent spike and break in corn. If the carry out gets smaller, beans show possibility of going...
Read MoreSX is down 43 cents as I write this at 9:44. Overnight we were as much as 50 cents lower. 50 Cents is $2500 a contract. If you took my advice and went home short Friday, then I’d reward yourself with taking profits. If you...
Read MoreExpectations were for 100K new non-farm payrolls jobs. We got 163K a nice surprise. Looks like people were betting on a bearish number, so you had a spike in the Dow. High in futures still just 13080. low 12,813 for a 200 point...
Read MoreToday’ s high in the Dow markes a 600 point rally from Tuesday’s low at 12,462. As of this writing the high tick has been 13,061. The next upside resistance for Dow futures looks to be the May 2nd high up at 13,204....
Read More
