Gold

Gold…Pattern Alert

Posted on 01/17/2013

The Gold is trying to put in the pattern it couldn’t complete yesterday which was an ORH in the GLD ETF as well as the futures. 1691 is the short swing Fib resistance the first time up.

I’m getting a lot of questions on the Stop. It was written as a closing stop ( meaning it has to close below 1674 to be elected) That’s always a 2 edged sword. Many of you used the stop intraday. … Continue reading →

A.M. Look 1/17/13

Posted on 01/17/2013

GS…by remaining over 139.20 this can seek 149 AAPL..511-515 is resistance with sustained action over 519 needed for higher. 498 is current support. AGQ…double long Silver has closed two days now over the 200 day. As long as this closes … Continue reading →

Gold…Trade Alert!

Posted on 01/16/2013

Buy the Gold with a “1674” stop. We’re looking for 1715 ish initially. ETF traders GLD…A close today over 163.17 should have you long looking for 165-166

Metals & Miners….Food for Thought

Posted on 01/15/2013

The Gold and Silver are attempting to confirm higher. Some of the names might be much better plays (depending on your proclivities) via call spreads or direct long positions versus outright’s in the metals AGQ…double long Silver…the 200 day is … Continue reading →

A.M. Look 1/10/13

Posted on 01/10/2013

Oil…94.56-80 is resistance. 95.25 ish is next. Only a couple of closes over this level will confirm more up. Aussie Futures…105.33-44 is resistance with this being a pivotal level for more upside. AUD/USD…105.87 was the Dec. high. We need to … Continue reading →

A.M. Look 1/9/13

Posted on 01/09/2013

Spu’s…sell stops below 1444. Then the levels are in 10 point increments. Bulls will be looking to buy 1434-25. Nasd 100…2682 down to the 200 day @ 2667 is the buy zone and the exit zone for any shorts the … Continue reading →

A.M. Look 1/7/13

Posted on 01/07/2013

30 yr. Bonds…. 145.31-146.09 being the rejection zone the first time up. TBT…65.08 is the 200 day. 64.68 is where the trailing stops are with 64.57 the first fib zone. This looks attractive around 64.60-70 for a bounce. NASD 100…2682 … Continue reading →

Posted on 01/04/2013

That was a pretty impressive puke in the Gold. The point & figure shows a possible respite in the slide. Those wanting to try a long should use a stop a couple of dollars below 1626. At least you now … Continue reading →

A.M. Look 1/4/13