US Federal Debt growth not sustainable

Watching the ease at which political leaders are spending money that we do not have and dragging the country deeper and deeper into debt, I think it is an understatement to say that I am growing worried. Over the last twenty years we have seen our share of various debt crises. As I have noted (more…)

TTT Trump Trade Threats

The threats have now been replaced by the reality… Here comes the trade war… lovely, just lovely. Exactly what we as traders need… note – this is pure sarcasm. In response to the Trump administration’s decision to slap tariffs on the EU and Canada and Mexico, (steel and aluminum), the EU will launch a WTO (more…)

Wheat backs down

Wheat prices have been moving higher of late based on concerns over the Hard Red Winter wheat crop due to pockets of dryness across parts of the Plains. Chicago wheat has been pulled higher by the strength of KC wheat running to almost a year high as it closes in on the July 2017 highs (more…)

Trader Dan at Goldseek

You can listen in to my audio interview with Chris Waltzek of goldseek.com at the following link… http://radio.goldseek.com/nuggets.php What I appreciated about doing this interview was that I told Chris up front that I was not especially friendly towards gold at this time and he still wanted my honest take on the markets. That was (more…)

Lack of buying

There is a general lack of aggressive buying of equities today in a continuation of what we saw yesterday, especially in the tech sector and in the Nasdaq. The semiconductors, which until last week has been grinding steadily higher has seen a serious round of profit taking ahead of year’s end. The selling has erased (more…)

The Fake Media strikes again

Yesterday, in the event that anyone ever doubted it or was unaware of it, the mainstream media here in the US, led on by ABC News, broke a “huge story” which sent the markets into convulsions obliterating hundreds of thousands of positions, all over a false story by a reporter from that network. If you (more…)

Gold update

Gold has continued to push higher and is now trading into a chart resistance zone. You can see the area highlighted, which I have labeled as a “Congestion Zone”. That range contained the price for large portion of the month of August. Gold then broke out of it to the upside late that same month (more…)

Yield Curve Update

The yield curve has recently begun to steepen somewhat after a steady flattening move since mid-July. In looking at this chart, it would appear that the spread between the 10-year and the 2-year Treasury had simply become too tight (narrow). It had fallen to levels not seen since August of last year! Surely the Trump (more…)