The fever looks to have temporarily broken in the Silver. Silver is trading lower on the week against the major currencies. The initial bounce level we were looking for was 33.34. I’m not confident that the correction doesn’t go a … Continue reading →

I picked the low for an index rebound yesterday, although I must admit it went a little farther than I expected. Tesla earnings saved the Equity/Bond topping pattern. Indices are back at yesterday’s openings so this will take a little … Continue reading →

It’s the Yen crosses that are in play. with GBP/YEN & CHF/JPY leading. USD/JPY is into its July 31st dollar high. Spoo/NIkkei is close to last qtr’s close, which is a potential rejection level on a Wednesday Technicals haven’t changed … Continue reading →

I’ve gone through the Silver charts. Silver itself is approaching the .618 back from the 2011 high. Gold/Suisse seems to be lining up with 35. A word of caution when looking at these long-term charts, there is more data points … Continue reading →

China moved to ease credit again last night. And there was little to no upside in world indices. European rates rose just after London came in keeping the Dollar firm against the metals. The mid part of the U.S. curve … Continue reading →

Nikkei is a t a weekly closing decision area. DAX is off and going out of a consolidation pattern we posted weeks ago. European Banks are at resistance. Gold and Silver are self explanatory. Oil…the fever has broke and it … Continue reading →

Full Moon Trading. Late yesterday we played with a couple of charts Long Gold & Silver Long 2’s short 30 Yr. Bonds. Risk spreads remain positive. 30 yr. Bonds… 120.24 print confirms yesterday’s high. Early yesterday it was all Russell … Continue reading →

Mid-week shuffle time. Once again we’re looking for extremes to discern possible trend change. Gold has much higher targets but I need to see sustained price action above the 2700 level. Buy breaks not rallies. Bonds either stop at the … Continue reading →

Bonds have taken back their bank holiday break. 30 Yr. still requires over 120.24 to rally anywhere. The curves are in decision mode. Oil is back lower on the year and into PNF support after rolling back through the qtrly … Continue reading →

Welcome to CME contest participants. FYI…David had some data issues and all be up later in the day. There is nothing I wish to be involved in. We’ll have to wait this out today. Buying strength in the Indices is … Continue reading →