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Silver futures update 2016-12-07

Silver is responding better to support than gold and thought a fresh weekly chart would be welcome.

The Day Ahead 2016-12-07

Today the US equity indices are more likely to consolidate than yesterday. Crude is starting the day weak which I hope to see continue after the EIA report at 10:30 today.

The Day Ahead 2016-12-06

The equity market kept the wheels from flying off over the Italian vote, now they are trying to reach for the ECB meeting on Thursday morning. Still like the theme of Dow making highs, NDX making a lower high, and SPX somewhere in the middle.

The Day Ahead 2016-12-05

The Italian vote yesterday had a mild effect on the futures open last night in the Euro and US stock indices but has been reversed in both. Have been looking for at least the Dow to make a new high over that of last week and should see that today. As to whether SPX will […]

Gold futures 2016-12-03

The end of the year has been a good time to look for lows in gold for the last several years and this year is not different.

Silver futures 2016-12-03

Silver may be putting in a significant low that results in a rise to the middle 20’s next year.

The Day Ahead 2016-12-02

Expecting to see a new Dow high but may not be followed up by a new SPX high. Tricky as the fine grained structure is not clear. Certainly have seen SPX reach the lower of the two large scale targets.

The Day Ahead 2016-12-01

The US equity indices are certainly slowing down. Best to allow for a new high in the Dow either today or tomorrow but a lower high in NDX with SPX somewhere in-between.

The Day Ahead 2016-11-30

The news today is the reports that OPEC will be able to agree to output cuts which is driving crude up. I doubt this will turn into anything aside from retrace before resuming lower later. As far as equity indices go, the plan is the same as yesterday, looking for a test of the holiday […]

The Day Ahead 2016-11-29

I prefer to see one more high or a test of the high from last Friday as I don’t trust extremes made on holiday shortened days.