Saturday, August 26, 2017

MONDAY 8/28/17; Hurricane Harvey Devastates Texas; Gasoline Pops +7%; Yield Curve Flattens with 2-10 Spread Dropping to 82 Bips; International Trade Data; 2-Year and 5-Year Note Auctions; WTIC Oil Slips -3%; North Korea Fires Missile Over Japan

Flood waters continue rising in Texas and Louisiana the oil hub of the United States. NYMEX gasoline futures are up +6.4%. Oil prices experience a 





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 a missile is heading towards northern Japan. The projectile is believed to be launched from North Korea missile and it flies over Japan. Little tin-pot dictator Kim Jong-un is rattling his saber. USD 92.23. Gold 1316. GLD is up +0.7%. GDX +0.6%.

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