CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 8, 2015.  Change is week-over-week. 10-year note: More jawboning this week!  Following in the footsteps of Christine Lagarde, IMF managing director, Kaushik Basu, World Bank chief economist, says the Fed … Continued

Weekly Sep 11th ITM Covered Call On GLD

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Gold continues to act as if it expects a hike as soon as this month.  The FOMC meets on the 16th-17th.  On Friday, post-August jobs report, GLD, the SPDR Gold ETF, shed 0.3 percent.  The two-year Treasury yield was unchanged … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 1, 2015.  Change is week-over-week. 10-year note: The IMF is at it again.  This week, it reiterated its stance that advanced economies should maintain accommodative monetary policies.  By that it … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 25, 2015.  Change is week-over-week.  (Please keep in mind that these holdings are as of Tuesday.  By then, from high to low the S&P 500 was down 12.5 percent.  In … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials contained in the Commitment of Traders report as of August 18, 2015.  Change is week-over-week.  (Please note that these holdings are as of Tuesday.  The S&P 500 swooned six percent in the next … Continued

COT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 11, 2015.  Change is week-over-week. 10-year note: How might the renminbi devaluation impact the Fed’s desire to hike rates this year?  The devaluation is at least disinflationary as far U.S. … Continued

COT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 4, 2015.  Change is week-over-week. 10-year note: Federal Reserve Governor Jerome Powell told CNBC on Wednesday that he has not made up his mind yet on whether interest rates should … Continued

COT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of July 28, 2015.  Change is week-over-week. 10-year note: The following from the FOMC statement drew a lot of attention: “The Committee anticipates that it will be appropriate to raise the target … Continued

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

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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