Tag Archives: GLD

A.M. Look 4/16/12

Posted on 04/16/2012

EUR/JPY…is a key feature of the board. This cross put in a ORL day on Friday right into the 200 mvg avg and is following through to the downside. 104.40 ish…then 103.50 are the next support levels. As long as … Continue reading →

Gold & GLD…Pattern Alerts

Posted on 04/12/2012

Both instruments are putting in ORH days… We are at short term resistance in the Gold and Silver at today’s highs. 1690 is the 200 day in the Pit Gold, however 1695-1702 is where the major moving avg’s converge in … Continue reading →

Gold….Trade Alert!!!

Posted on 04/11/2012

We are starting a long position in the Gold! Futures or ETF’s your choice… We are looking to add on any weakness of 10 dollars.  

GDXJ…Trade Alert!!!

Posted on 04/10/2012

We’re BUYING the Junior Miners (GDXJ) @ the Market!!. The first tgt is 23.57. Gold has put in an ORH day. We recommend having some in your portfolio. We’ll look to get some on against 1650 over the next couple … Continue reading →

Gold…Silver…Pattern Alert

Posted on 03/09/2012

1715 is the first 30% Fib retrace from the 1793 Leap Year high. A close today over 1705 puts in an ORH day, defining a trad able low. The Silver ORH # is 34.19 for the all session (K) May contract. … Continue reading →

SDS…Stop…Metals Position Update..

Posted on 02/29/2012

We’ll use a 15.80 stop in the SDS. We will add to this position with a close today over 16.20 We are currently Flat the metals and the miners.    

A.M. Look 2/29/12

Posted on 02/29/2012

LTRO was a big yawn… The commodity currencies are leading the crosses this A.M. USD/CAD…a close under 99.06 USD/CAD is needed for an ORL week. ( over 100.90 H Futures). 99.29 USD/CAD ( 100.69 H Futures) is where the 50 … Continue reading →

A.M. Look 2/28/12

Posted on 02/28/2012

Grains…are all following through to the upside, confirming the break out patterns from yesterday. We have chosen to play this via Long JJG ETF. Wheat and Corn look particularly good. Spu’s…and stocks in general should be firm into tomorrow’s LTRO … Continue reading →

A.M. Look 2/27/12

Posted on 02/27/2012

Yen…missed the long -term sell stops in the Futures by 13 ticks @ 123.43,( 81.75 USD/JPY) just after the opening last night. Since the opening hour, the board has been in “Risk Off” profit taking mode. 80.30-40 USD/JPY needs to … Continue reading →

A.M. Look 2/23/12

Posted on 02/23/2012

Yesterday found me beating back my accrued Pavlovian tendencies from my charged years of Pit trading. I wet myself and realized my issue before I embarrassed myself. We try to limit those episodes. Right you are! I’m not alone, we … Continue reading →