There was a Bloomberg article over the weekend about a pawn shop in New York doing record business in Gold jewelry. Clients were selling the family jewels to raise cash. The last time this happened was Silver and Silverware in … Continue reading →

Bank earnings have the indices under pressure. JPM will require under 186 support to break anywhere. Precious Metals went bid in early Asia and have remained so. Spoo will require a close above 5263 today to negate last week’s pattern. … Continue reading →

30 yr. Bonds are into a potential bounce level. Indices are under pressure. Follow the yellow brick road. Be wary of ECB Bond buying, which is typical during her speeches. Those rallies, 80-100 points, have failed in the past. 8:30am … Continue reading →

The bigger movement was in the short end of the curve, both in Germany and here. The long end of the curve in Europe looks stuck ahead of tomorrow’s ECB with the Italian 10’s having the most potential to rally. … Continue reading →

The metals trade is where you want to focus, particularly when Silver takes a lead role. The big three have been leading against treasuries. Copper/Bond is close to a decade high. Bonds are reacting to Bullard’s comments of 3 rate … Continue reading →

30 Yr. Bonds are breaking down. Expected future price movement has been explained in the room. 2 Yr. Yield is breaking out with 4.826 next. This shows the range from the Oct 23 shift to short term T-Bill funding. Gold … Continue reading →

Today into Monday will be revealing whether or not we have a deeper correction in the indices, after yesterday’s late day stop run. Spoos…Looking to sell in the upper 40’s the first time up. Looking to buy into 5150’s the … Continue reading →

It’s tomorrow-not today. As stated lat week…traders and investors alike are attacking the Yen via the crosses. EUR/JPY has the potential of another 20 figures. AUD/JPY, which at times has been a surrogate for Risk, is at the top of … Continue reading →

30 Yr. Bond low is huge, keeping all risk assets firm. Silver miners popped huge today. Some of the smaller miners are up close to 20%. The big cap Gold miners, while up a few percent have lagged. Copper…follow the … Continue reading →

Yen is hovering just below the 152 dollar buy stops. Word of caution, don’t take the initial running of the stops, rather wait it out for a time frame to see BOJ response. Spoo…looking for a 5250 print to relieve … Continue reading →