March 21, 2018
At today’s Fed meeting, there is no question that they will raise rates again…but the fact of the matter is the futures markets have already done so…and then some. The bottom line is that I believe rates will continue to rise but the FUTURES market, which has already built in a significant portion of those raises, will most likely consolidate from here. There is no doubt that I may be wrong about this, but from here, I am content to take profits and be on the sidelines for a while.
I continue to remain short Treasury Bonds and Gold…with both having what I believe to be MAJOR downside potential…which I will cover in a newsletter currently in the works.
I will here repeat what I wrote earlier this year: I think Short Gold will probably turn out to be the biggest commodity trade of 2018. I see it $250-$300 lower before year end.
Give me a call whenever you have time…I am very much interested in what current perceptions are out there in the real world.
All option prices in this newsletter include all fees and commissions.
The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Treasury Bonds, Gold