This A.M. I will focus on the Bonds again for clues to direction.

To
recap Tuesday I told the room to get long Gold because the Bunds showed a massive bear trap.

We go the bounce + a touch more in the 30 Yr., propelling the Gold off the mid 2670’s for + $35 on yesterdays opening.

It’s up to you to decide how you manage the trade. Are you trading to make money or are you a longer term player.

My job is to find the lowest risk setups across all asset classes.

Spoos are wiggling around its 50 Day while the Nasd is into resistance.

30 Yr Futures will need a 112.00 print to confirm yesterday’s high.

Today’s feature will be the Bessant testimoy @ 9:30 CDT. The Dollar is strengthening on anticipation of his comments.