Yep, Jerry isn't worth following. It's not going to impact energy at all. Like Jerry, Invest 99 will eventually curve out into the Atlantic too. image The only one that looks interesting is the low probability disturbance VPN posted that's nearing ...

Hurricane Watch

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Picture Tennis (metals edition)

The impact of demographics on the economy has always been opaque to me. I've seen some charts that seem to show demographics playing a major role in inflation rates, but after really scrutinizing the data I thought the relationship was inconclusive. ...

High Impact Events Trading... Gold & Copper

Was anyone else surprised by existing home sales today? It's not a big market mover, but it's telling an interesting story. image I've been convinced the housing market topped in 2017. Today's data makes me question that assumption. If we continue ...

High Impact Events Trading... Gold & Copper

Well, hopefully not quite yet. lol It's really funny how history repeats itself. I've studied intermarket relationships for a long time and I've always thought it was peculiar both bonds and equities have rallied at the end of the business cycle. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Jerry doesn't pose a threat. I'm keeping an eye on the two disturbances entering the Caribbean: image

Hurricane Watch

Between wide spreads and shady broker tactics, CFDs are far from perfect. Yep, taxes really are an important consideration. In the US, futures are generally best for short term trades.

Spot, Futures, ETFs?

Hi RB, sorry I just now saw your post! IB has been great, all my fills have been very quick. I've never tried withdrawing funds from them so I'm not 100% sure if there's a fee. US brokers typically don't charge withdrawal fees so I'm doubtful they ...

Brokers for trading metals

Not long ago I really examined how the Fed Funds Rate actually works with respect to the IOER. I was in disbelief when I learned that the Fed Funds Rate, a market based rate, could actually spike just as banks need the funds. In fact, that's the ...

High Impact Events Trading... Gold & Copper

I agree it seems to have potential, but one thing concerning is this type of trade is very easy for CTAs to put on. This kind of reminds me about that famous $100 bill on the ground example for economists: A hundred-dollar bill is lying on the ...

Brent/WTI Hedging Strategy

I'm slightly surprised oil didn't go even higher on the attack. There's not much risk premium for further middle east instability. What if the Saudi's get hit again? What if there's a war with Iran? I concede a lot of people have a better ...

WTI Crude Oil Trading

Let me put it like this... Had you been short, do you think they would have honored your SL at 55.79? I'm very sorry to hear they filled the trade egregiously low. I'm a big advocate of futures to avoid these kinds of problems.

WTI Crude Oil Trading

I thought you guys might be interested to see the current WTI (CL) futures curve: image Oil isn't coming down much until mid-2020. It doesn't look like the market has much faith in the Saudi supply coming back online any time soon.

WTI Crude Oil Trading

Thanks, hopefully it's helpful. You're welcome. Good call on putting in a TP. If I were in your shoes, I'd put in a really high limit order just in case there's a huge spike at the open while the market is finding liquidity. Without ...

WTI Crude Oil Trading

Thank you hundsbua!!!

Brent/WTI Hedging Strategy

The Dow is showing a decent drop at the open. Risk off should equate to sizable gap higher for gold. image If anything this understates the coming move in gold. Higher oil isn't uniformly bad for US equities given the windfall this could mean for ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Congratulations Moty, you're about to be the beneficiary of some major tail-risk. I'm trying to get some idea of where WTI will open, but there's not much historical precedent. Iraq's invasion of Kuwait in 1990 might be somewhat ...

WTI Crude Oil Trading