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The threats have now been replaced by the reality… Here comes the trade war… lovely, just lovely.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…)

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…)

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…)

Ten Year at one month high

Bond and note prices are once more falling today marking a continuation of the pattern that commenced on Tuesday, when traders/investors interpreted ECB President Mario Draghi’s comments as a sign that Central Bankers are prepping the markets for an end to bond buying programs and other forms of monetary stimulus. On Wednesday that was followed (more…)

More FOMC Fallout

Today is starting off to be somewhat of a strange session as the fallout from yesterday’s FOMC meeting continues. Additionally, Yellen’s testimony about the balance sheet reduction seems to be producing some different sort of money flows. Thus far I am noticing something unusual in the sense that nearly all of the major markets are (more…)