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

U.S. Exports Hurt By Strong Dollar, Latter Seems Ready To Retreat

posted in: Currency, Economy, Technicals | 0

U.S. multinationals can breathe a little easier.  Maybe. Exports are under pressure… it has been that way for a while now. Nominally, U.S. exports of goods and services peaked at a seasonally adjusted annual rate of $2.36 trillion in 3Q14, … Continued

Beat Up And Down In The Dumps, Gold Pulls Off Reversal Last Friday

posted in: Commodities, Derivatives, Technicals | 0

Another down week for gold – fifth in a row!  Last Friday’s action in the meantime points to potential relief ahead – at least near-term. At one point when the metal made a weekly low on Friday, it was down … Continued

U.S. Dollar Under Pressure: What’s Next And How To Trade It

A stronger U.S. dollar finally caused some disturbance with U.S. corporations, especially multinationals.  While reporting March-quarter earnings, one after another singled out the dollar for causing top-line shortfall. From trough to peak between last May and March this year, the … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 21, 2015.  Change is week-over-week. 10-year note: Are bond vigilantes expecting a hawkish tone from the FOMC next week?  The latter meets on 28-29.  For the most part, macro data … Continued