June 16 Tutorial: When NOT to Trade

Sometimes we can learn more on do-nothing days than on days when the markets are hyperactive. Both Gold and the E-Mini S&Ps were in a wallow on this particular morning, and it allowed us to discover reasons why we should temporarily avoid trading either vehicle. We also considered the recent, spectacular move in coffee futures, focusing on some of the reasons why we should assiduously avoid entanglements with the gunslingers who trade this commodity. Finally, we looked a Silver Wheaton and decided that, for this stock, at least, all is right with the world.