A little something different this week. As a change of pace, I'm the one getting interviewed. I spoke yesterday with Alasdair Macleod of GoldMoney and I think you'll enjoy listening in.
The link to the interview is right here:
But it's also available on Youtube:
As mentioned above, the NFP numbers this morning threw nearly everyone for a loop, at least initially. Then, once folks were able to "look under the hood", they discovered that things aren't quite so rosy. ZeroHedge opened the door ( https://www.zerohedge.com/news/seasonal-and-birth-death-adjustments-add-429000-statistical-jobs) and then Jim Quinn kicked it down ( https://www.theburningplatform.com/?p=38358).
Crude oil is really cooking today and must be watched closely next week. I've got the October crude pushing $92 as we head into the close. A move above the highs from late July near $93 and we'll see crude sets its sights upon $100. Obviously, $100 crude would have an impact on the metals.
This week's CoT is going to be very interesting. Once I see the numbers this afternoon, I'll add some thoughts in the comments section of this thread, so please look for that sometime after 3:30 EDT.
Lastly, "Turd's Army" just completed another stellar month under General Maguire's leadership. We know that it can sometimes be a logistical challenge to perfectly mimic Andy's trades and we're working on that. In the meantime, some folks have chosen instead to simply trade in larger size. I found a thread at goldismoney.com where the service is being discussed. Please check it out. (If you're interested, August would be a fine time to consider a trial membership.) https://www.goldismoney2.com/showthread.php?33861-4-month-results-after-using-Andrew-Mcguire-service&p=407494&posted=1#post407494
And here's the link to the service: https://www.coghlancapital.com/daytrades-application?ak=turd_army
Lastly, I promised you a wild week this week and it certainly was. Not surprisingly, it turned out almost exactly as we expected. Next week, however, promises to be very exciting as well. I urge you to take the weekend to relax and rest. The summer is getting hotter by the day and you need to be ready for whatever lies ahead.
TF
