As we begin a very fun and exciting week here at TFMR, I thought I should give you some numbers to watch overnight.
First, here's crude. It continues roughly in the same range its been in for nearly four weeks. At present, it is swinging higher again and needs to break $101 in order to attract more substantial buying interest.
Gold is sitting idly as traders seem to be waiting to see how Pigatha Christie fares in Asian trading. The pig closed so poorly on Friday that weakness should be the order of the day on Monday so look for gold to move higher and challenge for the third time the 1550 level. Third time is a charm???
Lastly, please take a moment to read this article by Jeff Nielson. Though I don't agree with all of his conclusions (particularly confiscation), much of what he states is factually correct and in line with common Turdology.
I am convinced that, in the end, the U.S. will lose/surrender/forfeit some measure of monetary sovereignty. More on that later this week.
Have a great overnight and early Monday. TF