Tag Archives: Gold
A.M. Look 2/4/13
30 yr. Bonds…Macro sell stops lie @141.30 with 139.15 being the first multi- year fib support. Friday saw an ORL day. Only sustained price action over 143 would be positive. Gold…needs to minimally stay above 1676 to go higher. Oil…stops … Continue reading
A.M. Look 2/1/13
Silver…32.50 is resistance and new action over this level is needed for higher. 30.60 + a few is support and the 200 day mvg avg. This has to go 31.10 sellers for a try lower. Gold…1700 is the upside barrier … Continue reading
A.M. Look 1/29/13
Silver…31.22 is the short term resistance. Gold…1667-70 is daily resistance 30 yr. Bonds…needs above 144.02 for higher. Spu’s…need to get under 1489.50-90.50 for more downside. Yen Futures…anything close to 111 will be difficult +- 10 points. The Yen crosses all … Continue reading
A.M. Look 1/31/13
Spu’s…stillneed some sustained price action under 1490 for further downside. AUD/USD…needs under 103.80 to break further. (the futures are trading at a 35 point discount to cash) USD/INR…has been off our radar for a while. This is attempting an ORL … Continue reading
Position Update
EWZ…by remaining over 56.60 we will remain Long into tomorrow. ANR…This could be forming a possible head & shoulders pattern which is price negative. Our last buys were app 9.33, we’ll give this one more day to get something going … Continue reading
GCG3_-_Gold-Settlement_Feb_13_Daily.gif
Gold is now between the big mvg avg’s. Yesterday’s high was the 50 day ( the aqua line) The early low today is the 200 day ( the green line) Gold is clearly loosing it’s luster as investors wish a … Continue reading
A.M. Look 1/23/13
EUR/JPY & AUD/JPY…last night’s lows both came down into mvg avg support which held. Closing under those lows will lead to a descent correction. For now it’s just some profit taking and noise coming out of Davos. USD/JPY…our futures levels … Continue reading
A.M. Look 1/22/13
Oil…Feb. expires today. March is the Month you should be following. Natgas…Feb. expires next Tuesday. 3.71-3.76 is resistance in either month. Soybeans…closing and maintaining over 14.60 will lead to a test of just over 15. USD/JPY…we were looking for 90+ … Continue reading
Platinum…Risk Indicator?
Platinum has led the entire Risk rally just as it did in the beginning of 2012. Expect some more Dollar strength over the next 30 minutes to an hour. If this price action follows through this afternoon we will be … Continue reading
A.M. Look 1/18/13
Gold…1700 followed by 1715 are the next resistance levels. Gold has to stay above 1681. Silver…32.40 ish is the next resistance zone. 30 yr. Bonds…145.31 is first resistance. 146.23 is the closing # the bonds have to stay above to … Continue reading