CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of March 7, 2017. 10-year note: The Janet Yellen-led Fed – and the one led by her predecessor Ben Bernanke – believe in the wealth effect.  Since the financial crisis, anytime equities came … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of January 31, 2017. 10-year note: During his presidential campaign, President Donald Trump openly criticized the Fed’s easy monetary policy.  Indeed, since June 2006, there have only been two 25-basis-point increases in the … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of December 13, 2016. 10-year note: With the Fed this week having raised by 25 basis points the fed funds target rate to a range of 0.5 percent to 0.75 percent, its conventional … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 4, 2016. 10-year note: Bloomberg ran a story on Tuesday saying the ECB would probably gradually wind down bond purchases before the end of quantitative easing, and that it may … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 21, 2016.  Change is week-over-week.  (Please note holdings are prior to non-commercials’ potential Friday reaction post-Brexit win.) 10-year note: There goes any sliver of hope for a rate hike in … Continued

Can Spot Gold Break Free Of Descending Triangle Pattern It Is In?

Spot gold is at a critical juncture. Since the metal troughed on December 3rd last year through the March 11th high, it rallied 23 percent.  Even before that high, gold had been in a sideways pattern since it spiked 4.1 … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of December 1, 2015.  Change is week-over-week. 10-year note: Will it or wouldn’t it?  Will the Fed switch into a tightening mode in the face of U.S. manufacturing just entering contraction? In … Continued

GLD Weekly Covered Call — Exit At Best, Lower Cost At Worst

Hindsight is always 20/20. The post last Monday hypothetically discussed three ways to play beaten-down GLD, the SPDR Gold ETF: (1) go long at $103.09; (2) short November 27th 102.50 puts for $0.49, which could result in effectively going long … Continued

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