Pre-market & Intra-day updates

The Fed announcement is at 2 PM tomorrow, and they are “expected” to raise rates again. Gold and silver are still weak going into this, especially silver. I have no idea what the markets will...

It’s one of those unusual days in the big markets where almost everything is down, and the alleged correlations are in hiding. Basically the only things up are the oil shares, the junior miners, and...

Next up is a Fed meeting, followed by a BOJ meeting, so there will be plenty of after the fact reasons/excuses as to why markets are moving (have moved). The QQQ needs to be watched...

The “tech bubble” is “crashing” today, down 3% at the lows. These people will not give up with this stuff. So to stick to the facts  –  the QQQ is having its heaviest downside day...

The Bond Market Giveth and Taketh Away The WSJ sends me stuff every morning and everything is about politics – as we now live in a world dominated by governments and central banks. A world...

Some observations – there will be a video later about crude oil and the SOWs and effort vs. result, but also in the shares today. Of course, SOWs can often lead to short term bounces. And...

In yesterday’s afternoon comments, I gave my reasons for selling out of the rest of my JNUG position. My expectation is for another tradeable low in a few weeks. But I always sell too early,...

Gold made it up to the $1295 target talked about in the premarkets a few weeks ago, and it has interestingly not gotten emotional (yet), and it still has a good shot of blasting thru...

Today the correlations are firmly in place – gold up, Yen up, bonds up, stocks down. The stocks down part will fade in and out more, but at this point, some stock market selling should...