20
Dec

Current Thoughts 12/20/16

From the Trading Desk While the FOMC delivered the rate hike that the market expected last Wednesday, the language that was conveyed during the meeting caught participants off guard.  Specifically, the Fed expressed a hawkish outlook in 2017 with three instead of two planned rate hikes and a longer term rate target moved higher to 3.00% from 2.875%.  The USD …

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18
Dec

Current Thoughts 12/18/16

The dollar is still key for metals. Can still go either way but we saw China make some noise and can see it can bounce quickly too. Gold is up 2.90 in Chinese trading with the dollar trading .27 lower. Good start but we’ve been in this pattern before where the dollar finds the will to rebound and move higher. …

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13
Dec

Current Thoughts 12/13/16

From the Trading Desk ALL EYES ON THE FED!  The much anticipated December FOMC meeting finally arrives tomorrow with 100% of economists polled on Bloomberg anticipating a rate hike.  While the decision tomorrow already seems like a foregone conclusion, activity this week has been muted ahead of it.  Today, the February gold contract had its smallest volume day (137,000 lots) …

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12
Dec

Current Thoughts 12/12/16

This is tonight’s ETF Research Report explaining what is happening with the markets right now. Lots of uncertainty heading into the Fed interest rate decision come Wednesday. For gold it’s still all about the dollar.   NOTE: Update on calculations of the trading data for green weekly to red weekly trades. I should have some data by mid-week. I am …

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1
Dec

Current thoughts 12/1/16

  Nightly report so you know how we played the market today.  http://illusionsofwealth.com/etf-service-subscription/ Today’s Trades Started off the day on a bad note and immediately after calling it I even set up the trade lower that I thought would happen. Some of you waited on JNUG below 6.40 after the call at 6.7 and we got as low as 6.20 …

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29
Nov

Current thoughts 11/29/16

From the Trading Desk With US equities right around all-time highs and the USD challenging levels it hasn’t seen in nearly 15 years, gold remains… weak.  The post-Trump victory euphoria that spurred a massive equity and commodity rally (in base and industrial metals, clearly not in gold) appears to finally be losing some steam though.  Since election night in the …

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27
Nov

Current thoughts 11/27/16

I think we have temporarily bottomed in gold and topped in the dollar. I also think we have temporarily topped in the markets. The dollar represents 57.6% the Euro. Have you looked at the effects of currencies and the potential of more exits with the coming elections? Refugee crisis? Add to that another 11.9% with Brexit and we’re at 69.5%. …

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