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

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 29, 2015.  Change is week-over-week. 10-year note: Hat tip to bond vigilantes!  Heading into the FOMC meeting two weeks ago, they never bought into the message coming out of the … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 22, 2015.  Change is week-over-week. 10-year note: Last week, post-FOMC decision not to hike, stocks fell.  They had rallied strongly into the meeting, and were probably set to drop either … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 15, 2015.  Change is week-over-week. 10-year note: When the Fed finally raises rates – whenever that is – ahead of that move should we now pay attention to fed funds … Continued