Tag Archives: Gold
A.M. Look 4/12/12
Last night saw some corrections in the Yen crosses, with EUR/JPY retesting the 200 day @ 105.93 and rallying. AUD/JPY…had the better bounce, however both have come up app 20-30 ticks short of anywhere is particular. The feature has been … Continue reading
A.M. Look 4/11/12
SPU…the 1st big tgt area is around 1330 NASD…2668, with the big Fibs around 2650 We can still get to these levels, however we put out a warning for the SPU/BONDS late in the day yesterday that we were at … Continue reading
GDXJ…Trade Alert!!!
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
A.M. Look 3/22/12
Is the sky falling? I wouldn’t get too wound up about it just yet. The current price action around the board in the Currencies,Bonds and Equities Indices are typical for this week going into the end of the qtr. 30 … Continue reading
A.M. Look 3/19/12
We are in wait and see mode early. Today, Currency futures expire @ 9:15 CDT. 30 yr Bonds (H)…138.16 is the 200 day ( early resistance). We’re looking for these to have a rally this week, but Wednesday could be … Continue reading
Gold Daily Continuation Chart
Gold shows that more weakness is on a closing basis below 1626.. The horizontal level shown on the charts 1640 ish represents an area that will not be friendly to those initiating new short positions the first time down… More … Continue reading
A.M. Look 3/13/12
Spu’s…The June (M) contract is trading at a 6 dollar discount to the front month March (H). Price action will revolve around 1377 (H). Maintaining above 1377 (H) will keep the equity indices on a firm footing. ” More Risk … Continue reading
A.M. Look 3/12/12
The markets are living in a technical world. Gold…retested it’s Friday ORH break out last night and held for now. The point & Figure charts show, by not sustaining above this area, it is vulnerable to further sell offs. It … Continue reading