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The threats have now been replaced by the reality… Here comes the trade war… lovely, just lovely.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