ThomasFink

ThomasFink

After last week's auction which sparked US yields to rise it was obvious that a GDP miss in Japan would fuel US yields to higher intra-day highs. $US10Y and $USDJPY are closer correlated than $DXY and $USDPY because Japan is the largest holder of US Treasuries. Keeping all this in mind tomorrow Yellen will likely pivot back to hawk triggering gold to dip back to...

ThomasFink

Over supply from the auctions should keep treasury yields rising to test the high @ 2.65 on the 10yr. Bills and 7yr being auctioned tomorrow should continue to fuel the Dow higher. $DXY might follow yields to 102 forming a right shoulder depending on the data tomorrow and Friday.

ThomasFink Updated 

My initial target on this pullback was 1190, however gold has managed to regain 1200 as the $DXY has rolled over giving up today's gains. Longing from these levels may be risky, but the reward may turn out to be lucrative depending on the volatility and uncertainty during the transition of power in the U.S. government through Monday. President Trump's speech...

ThomasFink Updated 

After Failing to reach 1220, gold is showing signs of short-term overbought. Don't rely on Yellen to talk gold up today as the $DXY is making higher intra-day highs.

ThomasFink Updated 

Trump's recent "saber rattling" comments about China should send gold to 1220 over the next 48hrs. Today we've seen some demand from Asia pushing the price to a new high @ 1208. I'm loaded on $JNUG for Tuesday. I think there is a good chance to make a decent 10-15%.