Tag Archives: Gold
A.M. Look 7/12/12
Spu’s…as long as the Spu’s don’t close back over 1341 the board will trade Risk Off. Closing today under 1333 will be negative and have us looking for another 40 points of downside. 1324.50 Spu matching Nasd 2540 can be … Continue reading
A.M. Look 7/5/12
USD/JPY…79.20 ( 126.40 Futures)….80.10 ( App 125 Futures) is the trading range. Monitor these levels for a breakout. 30 yr Bonds…are in a 2 point trading range. leave the stops as is in the TBT. We’ve seen where the Bonds … Continue reading
A.M. Look 7/3/12
Oil…as long as 82 holds on the breaks we’ll see the upper tgt’s of 88-90. Look to the names to play. Sugar…as long as 21.04 holds this is going higher. Buy the breaks against this level. Soybeans…look for the Nov. … Continue reading
A.M. Look 7/2/12
Full Moon Trading…. July Soybeans…expire today. November (X) is now the most active future. Spu’s…need all new closing price action over 1362 for more upside. AUD/JPY…82.50 is a significant resistance level in this cross. Resting stops are just above 83.30. … Continue reading
Gold…Nasd 100 Futures
We’ve sent along the updated Gold so you can see the break down level…wait for it to work through.
Gold & Silver…JJG
1545 is near term support in the Gold. The macro failure level is around 1525. Silver has elected the macro stops under 26.20. As long as there is no significant recovery over 26.50 this can go to 24.40. JJG…we’ll start … Continue reading
A.M. Look 6/14/12
Gold…1630 is still capping the rally. Platinum…1471 is near term support. 1506-10 is near resistance. General Comments… We reduced our SDS exposure ( Risk Off) by 50% yesterday mainly because I am not a fan of coin flips. Any involvement … Continue reading
A.M. Look 6/6/12
Welcome to the Mid -Week Shuffle… Gold…could go as high as 1650 Platinum…stops are over 1674 Spu’s …1292.50 should be early support. 1300 is early resistance. Nasd…2496 is early support. 2527-24 is the 18day mvg avg. and the monthly close. … Continue reading