Five Hundred Words 12/12/2018

Wednesday, December 12, 2018

Daily Writing

10:15 AM

Things I’m thinking about

  • How do the best traders structure their days?
  • What is the significance of the gold/silver ratio?
  • What are the most important Chinese economic data to follow?
  • What are the industrial uses for copper, palladium, and platinum?
  • What is ‘interest rate differential’?
  • What are credit spreads?  What do spreads measure?

Market Overview


Price of gold has been steadily rising since the beginning of the month.  The price of silver closed yesterday at 14.535, and at the time of writing the price of silver is up 1.20%.

platinum_price_12_12_2018

Trading Log

I am working to determine my precise tolerance for volatility.  On many trades I find myself exiting a position due to my emotions, then a few weeks later I will discover that the price of the security I sold had recovered or even soared higher.  How can I resolve this? Better risk management?

1:32 PM

There are times where I feel like it doesn’t make sense to follow the news as closely as I typically do.  To me it seems like it could be more productive to perhaps read the news in the morning, gain a grasp of the general undertone of the day, and move forward.  Not every day is going to be a “newsworthy” day. That doesn’t mean every day can’t be amazing from a personal standpoint, it’s just that there are so many headlines in the world that can attract attention.

 

Market Data

Resource Commodities

December 12, 2018

December 11, 2018

December 10, 2018

December 7, 2018

Gold Spot

1242.90

1243.10

1245.00

1237.20

Silver

14.535

14.495

14.545

14.440

Platinum

783.00

783.00

782.00

788.00

Copper

2.7854

2.7575

2.80

2.7530

Crude(WTI)

51.83

51.52

51.58

53.73

 

Global Government Bond Yields

December 12, 2018

December 11, 2018

December 10, 2018

December 7, 2018

US 10 year

2.90%

NA

2.85%

2.89%

US 30 Year

3.13%

NA

3.13%

3.17%

UK

1.24%

NA

1.21%

1.26%

Germany

0.26%

0.23%

0.25%

0.26%

Brazil

10.02%

NA

10.12%

9.99%

Italy

3.00%

NA

3.09%

3.14%

Japan

0.04%

NA

0.03%

0.05%

 

Major U.S. Indices

December 12, 2018

December 11, 2018

December 10, 2018

December 7, 2018

VIX

21.91

NA

23.95

22.42

DOW

245.09

NA

243.61

24918.82

S&P 500

267.45

NA

263.37

269.45

NASDAQ

7163.89

NA

7041.83

6994.39

EM USD

1061.96

NA

1062.41

1059.54

 

Currency Cross Rates

December 12, 2018

December 11, 2018

December 10, 2018

December 7, 2018

USD/JPY

113.210

NA

113.1800

112.6900

EUR/USD

1.1366

NA

1.1358

1.1384

AUD/USD

0.7230

NA

0.7188

0.7227

USD/MXN

20.0358

NA

6.8730

20.338

USD/CNY

6.8777

NA

6.9127

6.882

USD Index

97.46

NA

97.18

96.80

 

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s