Everything is in consolidation mode today. I’m looking in the 2520 area to buy Gold for another leg higher. The less you do the happier you’ll be.

The metals bottomed with the Indices and they have higher targets. Buy breaks not rallies, you’ll get them. In Gold that would be 80-100 dollars. The myopia of main stream wall streeters never cease to amaze me. Gold is up … Continue reading →

Not much to speak about. Yen is a stronger rallying to nowhere along with the crosses. Gold is consolidating. No change in the Indices from last week. Still focused on 5600 Spoo and the Matrix in Nasd. Oil is at … Continue reading →

Gold is the ticket with some help in the long end of the curve. Oil has rolled to Oct. (V). The discount is $1.40. Yen crosses have picked back up mildly correlating with risk off. I’m expecting some back and … Continue reading →

Copper shows bottoming along with MXN/JPY which are risk on indicators. Beans are attempting an oversold bounce. Treat it as such. Just an observation…when Gold is sold during the U.S. session look for buying opportunities for the rest of the … Continue reading →

Follow the Bonds. 30 Yr. is sitting on a matrix level. 125.00 print turns the 32/3 Point & Figure up for a test of the next level on the sheet. Bonds up = lower dollar and higher Gold. Indices have … Continue reading →

https://youtu.be/LX7Zl9YFFsg Above is yesterday’s FRA podcast, maybe the best one yet. Gold bottomed with the Indices. Both will be in play tomorrow into Thursday. Indices are trying to bottom with last week’s mid-week hold and rally. This is a process … Continue reading →

The world seems to be waiting for mid-week to determine whether or not this rally is sustainable. In the mean time I’ll defer to the Pit charts for trade location. At a glance Oil has come 50% of the way … Continue reading →

This is my last missive until Monday. The room will be open today and tomorrow thanks to Stan. The question is whether the Indices are trying to turn direction? This is something that does not happen in a day or … Continue reading →

BOJ backpedaled and markets reacted accordingly. I have plenty of reason to not chase this rally, particularly mid-week. I’m focused on the Yen retracements. Either this is the extent of the pullback or Yen retests the 152 breakout. The Indices … Continue reading →