Midday: Gold up $10.00, Oil down, Fed fades

Here are a couple charts relevant to todays markets and informative tweets from professionals we follow in Finance, Politics, Global Equities, and of course sarcasm-  If you use twitter we recommend you follow each of the people listed here.- Soren K.

 

Gold- We want to see Gold hold above $1301 while open interest comes in (Black Arrows). It is a buy when that happens. It may not get there based on today. But the right trade is to wait.- Soren K.

- interactive chart HERE

 

OIL- There is more oil out there than you think

China- Welcome to the New Economy

 

Stocks- Renaissance Capital via Business Insider

 

And now from theTwitter Crew

Oil- weaker today trading down into the 44s on bearish EIA info

 

 

Stocks-  Equities down some today. Feels like unchanged is failure these days

 

 

Politics- Trump leads in polls now, Cameron looking for a job, and there may be another scandal on the FBI/ Hillary case

 

 

 

 

China- Why is there a slow down? Here is a nice explanation on why China must continue to devalue the Yuan

 

 

 

Good Luck

 

 

More Reading

 

Gold and Silver start day strong

 

 

-Soren K.

Sorenk@marketslant.com

 

 

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