Yesterday evening Donald Trump made a statement to the press that he is signing a bill to put an end to the shutdown. This information came in the evening after the CFTC data would have been released so there was no data released yesterday.
So now with the government back up and running we can expect the #institutional position data from the CFTC this coming Friday. What is a curiosity of mine is if they will release the data since December 18th or just skip to the last set of data. Regardless we'll be ready to accept whatever is offered and we'll be able to read between the lines if only the latest data is provided.
With respect to the markets, #gold has reacted as we were expecting with some weakness in the #dollar causing gold to rally a bit higher into the 1300's. As some of you may know, if you've been subscribed to the mailing list, we've been expecting the rally we've seen in gold over the past couple months and are expecting price to eventually tip over and drop. I have already begun to position myself for the turnover which I have posted the details of here for students. The last rally we witnessed on Friday brought some worries and questions in regards to whether the #institutions might have changed their mind and decided to do something different with gold.
I have already begun to position myself for the turnover which I have posted to details of here for students. The last rally we witnessed on Friday brought some worries and questions in regards to whether the #institutions might have changed their mind and decided to do something different with gold.
My answer is simple, the institutions don't change their mind. When we do the investigating into the institutional position data and track each and every buy and sell zone they create within the markets it is for a purpose, it is so that we know what their agenda is and the one thing that is for certain is when they have an agenda, they stick to it! No economic factors can change what they have planned out. So as for #gold, we have determined the drop is coming, this is based on tracking their buying and selling, deep investigative work into their positioning and because of our very unique interpretation of the markets and how they move.
I hope this answers your questions regarding the shutdown, the CFTC data and about #gold. Till next time, enjoy your weekend!
Magic Trader!
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