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 →

Indexes will open over extended, particularly against the short end of the curve. It’s the first of a new qtr and it’s imprudent to chase.

Gold/ FX has been the ticket for a couple of years. Don’t get in the way of month end markings. Bonds have not reacted that much to Waller’s wait and see. A new game starts next week. U.S. markets are … Continue reading →

This is likely my last note for the Qtr. The only thing that matters now are tomorrow’s closes. Everything else is irrelevant. If your thing is to fade the capital Index flow going into a new qtr in a raging … Continue reading →