Tag Archives: Gold
GDXJ | Junior Gold Miners ETF Weekly Chart
The miners have a potential double bottom on the weekly charts.. Most everything else has seemed to have temporarily bottomed.
A.M. Look 5/14/12
Crude Oil…. 92.80 is the 50% retrace from the Oct. 2011 low. If you’re short, and we’re not, this is the place to cover. Euro…resting stops reside just below 128.58. 126.20-50 is the next macro level, which is last quarters … Continue reading
GDXJ Chart | Metals
The worst looks over for the metals… Nem as well as the mining etf’s are showing a tradeable low that will be confirmed with closes above yesterday’s highs
A.M. Look 5/9/12
EUR/GBP… there is no significant big swing Fib support until closer to 79. EURO…looking at a 12 year semi-annual chart, 122 is in the cards longer term, via 126.40-60 as long as it remains below 130.70. AUD/USD…following the same swing … Continue reading
A.M. Look 5/8/12
We refer you to yesterday’s A.M. Look for the relevant areas. They are macro levels that are static. General Comments… Pay attention to your technical levels and Time Frames today. Pay close attention to the 30 Yr. level of 144.20. … Continue reading
Gold…GLD Trade Alert!
We’re BUYING a 25% POSITION IN THE GLD @ THE MARKET.. The currencies and their commensurate crosses have shown a trad able low, confirming what I suspect to be an intermediate low in the Equity Indices. Pump priming ( liquidity) … Continue reading
A.M. Look 5/4/12
Unenjoyment with the French elections and “Full Moon Trading” to complete the weekend Trifecta On Saturday, the United States will be treated to a “Supermoon” event — an evening where the full moon appears at its largest and brightest in … Continue reading
A.M. Look 5/3/12
Tomorrow will be about the metals as usual with the unemployment data and where they hold on breaks. I find myself somewhat optimistic that they are looking weak going into tomorrow. The Dollar is bid across the board, in particular … Continue reading
Gold Weekly Chart
Gold…is looking up. Short term players will get excited above 1670 ish.We need a couple of closes over the Fibs and longer time frame moving averages, around the 1678-82 level. Shorter time frame traders…buy the breaks against 1660. Longer time … Continue reading
A.M. Look 4/30/12
Today is all about not fighting the flow. It’s the last trading day of the month! Spu’s…Nasd & Gold are slightly lower on the month. USD/JPY…80.00 is 1/2 way back on the year…”125.20 is the June Futures #” EUR/JPY..105.55 is … Continue reading