May
9
2017

Current Thoughts 5/9/2017

I said in my last Current Thoughts that we will know later in the week if we have bottomed or not. Today might have been that day. The dollar was up once again and gold broke below 1220 but ended the day over 1220 to 1222 as I type with a rumor of another North Korean missile test coming soon. …

Read More
May
7
2017

Current Thoughts 5/7/2017

In my last Current Thoughts I mentioned that we could be close to a bottoming process in metals. Friday was a somewhat flat day but we are up +7.50 to 1233.20 now on Sunday and a good sign for gold bulls heading into Monday. Silver is up 18 cents to 16.42. The dollar was down to 98.42 and very close …

Read More
May
2
2017

Current Thoughts 5/2/2017

It’s a given no hike tomorrow. I want to know who believes their nonsense about a June hike “based on the data.” The market will make them look like fools I think. Sell the “non-event” news I think which means markets fall and gold rises with miners which are leading gold right now. 65% say rate hike in June ( …

Read More