20
Jul

Current Thoughts 7/20/2017

From the Trading Desk The euro has been on a steady rise so far in 2017 and it reached yearly highs today on the heels of the European Central Bank press conference.  ECB President Mario Draghi said the bank saw signs of “unquestionable improvement” in European Union growth and intimated that plans are underway for policymakers to begin adjusting their …

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11
Jul

Current Thoughts 7/11/2017

We have been waiting patiently for the USD/JPY to break down and it finally did today. Breaking under 114 is the key number and confirmation of the gold bull is under 113. You’ll notice silver finally rebounded today too after taking a good beating. Tomorrow we have Yellen testifying. I’m not sure what she can say to keep the investors …

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5
Jul

Current Thoughts 7/5/2017

Gold and silver have been in a bottoming process of lat, only delayed by two things; a higher USD/JPY and a thin trading day Monday followed by the holiday and overnight low. But today after there FOMC minutes, we finally had a move in metals and mining stocks alike. The only laggard is silver. I think silver though will lead …

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29
Jun

Current Thoughts 6/29/2017

Gold still consolidating before blast off. Today I have to laugh at its reaction to the market decline and increase in volatility, as well as its response to the dollar and USD/JPY. Market makers simply took gold down early and kept it down even though it tried to break up for a bit. Still need to get over $1,250 then …

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27
Jun

Current Thoughts 6/27/2017

Today we had a pullback finally in the USD/JPY but it was preceded by the comments from ECB President Draghi becoming more hawkish in his tone. This pushed the dollar lower and gold higher to start the day, then gold fell, rose again and by the end of the day gold started to fall.  Pretty crazy day all around. Gold …

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