On gold about 117,000 with options, think that's constructive as POG was 427 last Tuesday when this was set. Likely to be below 100,000 now. As it drifts around further, I'm moving to reenter my 40% of juniors I traded out earlier, and looking for "holes" (which we are getting) to do it. Restored back my full GBN position today, hit it at .88. The seasonality bottom for gold at hand, end of July.
321gold.com
Also note enormous spec ED shorts at 720,200, and it's picked up noticeably in the notes and bonds again. Open interest throughout the whole rate complex is just unbelievable, just trade, trade, trade, obviously a lot of big overstaffed, bloated trading desks with high testostorone guys. Get a real job, hear they need coal loaders for rail lines. A lot on the line here, for a interest rate market that expects perpetual Sigma 1 or at most 2?
futuresemail.com
The Fed is already hyperinflating it's SOMA account again, although it may be because the FCBs are missing? In my view they are already in a reflation mode, well before any Bubbles have even been touched (except perhaps housing as I wrote earlier).
wallstreetexaminer.com
I seriously doubt there will be a rate increase on 8/9, but if there is, housing will get a final push off the cliff. Still reflation with oil at $58, and copper at $1.60, LOL, tough operation.
Commercials are long 72,802 Yen, that has to be a record. |
