Platinum…should retest just shy of 2584. This will be initial and weekly closing resistance. Silver…has hit an initial fib @ last nights high. 92.84 will be initial and weekly closing resistance. Gold is the whipping boy today. I’m not watching … Continue reading →

Yesterday most of the room exited or trimmed longs in Platinum and Silver. Bitcoin needs to show strength tomorrow. Oil is widening its near term range. A 61.92 print would be needed to change the formation into a broader consolidation. … Continue reading →

Copper and Silver front month are rolling to “K” May. Platinum runs into initial resistance @ 2365. As previously stated, I reloaded on the entire trade last week. SIL..Silver miners has room for another 15%. Hedged Japan has been the … Continue reading →

Not sure who is looking forward to the “I am the greatest spectacle” tonight but it’s not me. Meanwhile the metals remain the game I am focused on. Gold should hold around 5125. Silver shows a short term double top … Continue reading →

I was a bit baffled by the price action in the Indices Friday as I did not take the Scotus decision and Potus reaction as price positive. The room pretty much just left it alone and focused on the metals. … Continue reading →

Energy names and Oil are the feature again this A.M. Oil will need to sustain above 67.15 for a move to the mid 70’s. It’s looking more like the metals bottomed Tuesday. Timing takes into the end of the month. … Continue reading →

Right now I’m treating most instruments as a trade. If you’re capturing 50-100 point Spoo moves in a day, which many subscribers are doing, who needs to own anything right now? I haven’t budged on my energy positions. Yesterday was … Continue reading →

118.27 will remain the upside closing pivot. Indices are into matrix levels. I’ve been bearish forever vs. the metals. Nasd/Bonds says it all. Everything is a trade at this point. Energy names Metals have not bottomed. A little patience is … Continue reading →

I’ll take my signals this A.M. off the Nasd & Spoo Matrix levels. I find it hard to believe any inflation data put out. I’m more in Faber’s camp that inflation is much higher than is being reported. Just respond … Continue reading →