Tag Archives: GLD
A.m. Look 6/7/11
First a BIG Thank you for the hospitality and warm welcome shown by the San Francisco Traders Association this past week. I should be able to focus by Thursday! We would also like to thank the Mad Hedge Fund Trader ( … Continue reading
A.M. Look 5/31/11
Some of the futures traders were taken out of their short S&P500 futures positions early last night. ETF traders should leave there stops in place. 1346.25 S&P 500 Futures is going to be a key level to close over for … Continue reading
A.M. Look 5/27/31
We got the 2 day rally in the equity indices I was looking for. The Spu printed last weeks close, which was the price action I was expecting. The Bulls would like to see a weekly close over 1335 to … Continue reading
A.M. Look 5/6/11
So much for SINKO DE MARKETS DAY… We typically get a low for the rest of the month in the precious metals. Pattern alert GLD ( ETF)…this puts in an outside reversal lower week with a close below 145.45. We … Continue reading
GLD
Use a 146.20 stop on the GLD intra day for that side of the spread. We’re Short Aussie/ Long Gold. This means we are just staying short the Aussie ( Long U.S. Dollars) if we get stopped on the Gold … Continue reading
Metals…S&P 500 Futures…Spu
We’re long Gold and Silver Etf’s ( GLD & SLV) against our short Aussie. I would need to see the Silver back above 38.25 in the futures to hold onto this leg. There is massive selling of the Euro and … Continue reading
A.M. Look 5/5/11
Yesterday we nibbled on some Gold and Silver ETF’s.. Ouch! It’s painful to be early! The pain is only mitigated by the Short Aussie we hold against them.Silver needs to show some kind of a reversal in the next couple … Continue reading
GOLD…GLD ETF
Looking for value across the board… We are buying a small position in the Gold using a stop below today’s low in the futures and the GLD ETF. The futures stop is 1325…..The GLD is 129.30 Silver has been leading … Continue reading
Gold….GlD….Silver…SLV
The metals are failing. Dr. Nenner’s high could be coming early. A close below the following levels today should have you out of any remaining residual longs. Those who kept that last 30% to see if we’d go back to … Continue reading