Tag Archives: ABX
Midday Missive
I sold a couple of 30 Yr Futures this A.M. @ 140.00. I still have a resting order at the target to sell more. This is a big macro level. The 30 needs under the hourly support @ 139.10 to … Continue reading
A.M. Look 7/29/14
Stocks… ABX…breaks out to the upside over 18.80. FCX…gains upside momentum over 38.50. MELI…​strengthens with a close over 92, which then gives it potential to reach 100. Bonds 30 yr. Bonds…Price action and a close under 137.22 is needed for … Continue reading
A.M. Look 6/24/14
Stocks… AUQ…Aurico Gold is attempting an ORH month with a close over 4.35. As long as this holds breaks around $3.90-4 this has potential to make a run toward 6 on the longer time frames. ABX…18.13 is the 200 DMA … Continue reading
Midday Missive
The 30 Yr. Bonds are leading the parade with a double top @ 135.15 (H). Spu’s (H)…need to sustain over 1852.50 for higher. Think SPU/BONDS. The spread is running the world. What’s absent from the early wiggle is the lack … Continue reading
Metals Traders
Gold…has put in a potential bottom based off the qtrly charts by retesting 1180, our long time downside tgt. Silver…has not done the same swing but today’s final puke by the Longs before year end has retested last qtr’s low … Continue reading
It’s all about the Miners
GDX…30.96 is resistance and the upside pivot for a test of 32.11. GDXJ…50.84 is the matching resistance level and the upside pivot. A close above this level is needed for a test of 55. NEM…34.20 is resistance and the upside … Continue reading
Miners
AUY,NGD,NEM,ABX,PAAS, These names are all attempting the same Pattern as the GDX…ORH days. We still have a lot of time left. Money Never Sleeps….Gordon Gekko You’re seeing the buying of dollars coupled with profit taking in many high flying instruments. … Continue reading