Monday, November 14, 2016

Gold Drops To 9-Month Lows As Market Mayhem Resumes As Asia Opens

Gold is now down over 10% from pre-Trump highs (to 9-month lows). USDJPY has jumped back above 107.00 (to 4-month highs), extending its move to a stunning 6 handles since Trump"s victory lows. After being closed on Friday, Treasuries have opened notably lower (with 10Y yield up over 5bps, breaking above 2.20%) and US equity futures extend gains with Dow up over 80 points.




China weaknes Yuan again...


  • *PBOC SETS YUAN FIXING AT WEAKEST SINCE SEPT. 2009



Gold is now down over $120 from pre-Trump highs, looking set to retest $1200...




Gold near 9-month lows...





USDJPY spiked above 107.00 stops...




Leaving Yen at its weakest in 4 months to the dollar..




Dow Futures are now up almost 1500 points from Trump lows...




Sparking more selling in Treasuries... pushing 10Y yields above 2.20% for the first time since Jan 8th...


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