May has not been kind to commodity markets. Gold, Silver and Oil are down 5%, 17% and 18% this month, respectively. And that comes right on the heel of levels at the end of April that were cyclical HIGHS for each one. This bloodbath in commodities is confusing. Is it...
''I am for secret, dark debates. When the going gets tough, you have to lie.''- Jean-Claude Juncker, Luxembourg's Prime Minister and chairman of the euro group of single currency members, May 2011 I am reprinting below a fantastic excerpt from a weekend Sydney Morning...
Yesterday, in the early morning hours, oil, silver, gold, the euro, bond yields and the spoo all rolled over in unison. It seemed to get moving around 7am with commodity moves being the primary driver. From yesterday until this morning's lows, oil was 8% lower, silver...
Did anyone expect Merkel to commit to an enhancement of the bailout terms for the Greeks after they missed on their debt and deficit targets one year into the austerity process? C’mon!!! Behind the scenes the German mercantilist troika of...
The 4 point rally in TYM in the past 30 days has been a relentless, grinding capitulation for much of the spec trading short base. There were no “gap moves”, as each day’s range was usually less than 14 ticks. The typical up day for TYM was only +8 to +10 ticks and we...
The 4 point rally in TYM in the past 30 days has been a relentless, grinding capitulation for much of the spec trading short base. There were no “gap moves”, as each day’s range was usually less than 14 ticks. The typical up day for TYM was only +8 to +10 ticks and we had […]
