Monthly Archives: November 2010

Silver…Gold …Mining stocks, 11/9/10

Long term investors should take at least 30% of their positions off the table to lock in profits. We’ve rejected the first big tgt matches or 1410 Gold and 28 Silver. Yes I am still bullish long term but it’s … Continue reading

Silver….TBT, 11/9/10, 2:33pm

We’ve seen this Margin movie before over the years. After the 1987 crash the CME margin requirements to protect the clearing members from lunatic runaway speculation left just a handful of guys left trading Spu in the pit..Those guys made a … Continue reading

FXI…Private Wealth Clients….Questions, 11/9/10

Some of you never got back into China last Wed. per e-mails. Once again I endeavor to give you the lowest risk profile trades, which means the trades need to be executed at or near the levels suggested (when they are suggested). Waiting … Continue reading

A.M. Look 11/9/10

It’s another commodities and metals show again this A.M. Short term traders should consult their favorite technician for levels to day trade. Long term traders should just enjoy the ride..Continued and sustained price action over 28 in the Silver will lead … Continue reading

XLF…SMH… 11/8/10

XLF 15.55 was our short term upside price target However, XLF continues on a short term buy signal as long as there is no close below 14.45 For now, we have no higher upside Weekly cycles show only a good … Continue reading

A.M. look 11/8/10

I do not see much to do this a.m. but to watch the price action closer to the NYC Stock Exchange opening… The Euro has been the feature last night with the European debt crisis back on the table for … Continue reading

Gold, 11/5/10

Long term investors can add a little GLD or (GOLD) with a stop under today’s low for this portion of the trade.

A.M. Look 11/5/10

The only support level of importance today is the gap in the Spu from 1197.30-1206.50 on a pit only Chart. This area will now dictate further price action. Meaning first time in it will be an area that will provide a … Continue reading

XLF…Financials, 11/4/10

The upside momentum # for the XLF is a close above 15.20.. A close above 15.20 …Investors who are long should add…those with no exposure should put some on.

A.M. Look 11/4/10

Day traders with big cajones and deep pockets should be trading silver. Oh yeah, and do not make a trade unless you can manage your risk to 10 cents to make at least 50. The first short term tgt is just … Continue reading