GLD Weekly Buy-Write
Spot gold fell 0.45 percent last week – its fifth consecutive down week. Over the past two weeks, the rate of decline has softened. But that is small consolation to gold bugs that have been at the losing end of … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of November 17, 2015. Change is week-over-week. 10-year note: Hawks are in, doves are out. At least that is how markets are beginning to bet on the odds of an interest-rate hike … Continued
As Oversold As GLD Is, No Sign Of Stabilization Yet
Gold bugs should be wishing the U.S. government begins to run larger deficits. There are tons of reasons why the yellow metal has been languishing since it peaked in September 2011, but it turns out it does correlate negatively with … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of November 10, 2015. Change is week-over-week. (Due to Veterans Day, a Federal holiday, last week, the CFTC released numbers on Monday.) 10-year note: “Muted global economic growth will not support a … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of November 3, 2015. Change is week-over-week. 10-year note: Three prominent Fed officials tried to convince the markets this week that December was in play in earnest. Testifying before the House Financial … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of October 27, 2015. Change is week-over-week. 10-year note: Once again, the Fed took a pass. Its decision this week not to raise interest rates was expected. What was not expected was … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of October 20, 2015. Change is week-over-week. 10-year note: At the press conference following the ECB meeting on Thursday, when asked by a WSJ reporter as to why the bank is fighting … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of October 13, 2015. Change is week-over-week. 10-year note: Central bankers were probably busy scratching their heads this week. Despite trillions in quantitative easing and their valiant effort to push inflation above … Continued
Weekly Naked Call On GLD For Income Generation
A battle is being fought between optimists and pessimists in the land of gold. Of late, the former is winning hands down. Near-term, the latter might at least get some reprieve. In the latest period (September 30), short interest on … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of October 6, 2015. Change is week-over-week. 10-year note: Since the September 16-17 FOMC meeting, barring comments from hawks like John Williams, president of the San Francisco Fed, and Dennis Lockhart, president … Continued