Tag Archives: Gold

Gold…Silver…Pattern Alert

Posted on 03/09/2012

1715 is the first 30% Fib retrace from the 1793 Leap Year high. A close today over 1705 puts in an ORH day, defining a trad able low. The Silver ORH # is 34.19 for the all session (K) May contract. … Continue reading →

A.M. Look 3/9/12

Posted on 03/09/2012

Unenjoyment Friday…I am already dusting off my trading blindfold and mail gloves ( so I can’t click the mouse). Metals…typically a big day for direction ( usually significant highs or lows for the month). Gold would have to hold around … Continue reading →

EWH…EWZ

Posted on 03/06/2012

EWH …HONG KONG…17.31 is support EWZ…Brazil….66.21 on the daily is support, as well as being into all it’s weekly support levels. Again, this is just one more confirmation along with the Euro,Oil Gold,Copper,& Aussie lows, that we’ve just had a … Continue reading →

Gold & Silver….Spu’s

Posted on 03/06/2012

The Lemmings are in full flight! The stops under the 200 day in the Gold have just been run. The low 1660’s are next followed by 1645 ish Silver 32.85 ish is the 50 day. The Ultimate out for shorts … Continue reading →

SDS…Stop…Metals Position Update..

Posted on 02/29/2012

We’ll use a 15.80 stop in the SDS. We will add to this position with a close today over 16.20 We are currently Flat the metals and the miners.    

Pattern Alert…Euro…Spu’s

Posted on 02/29/2012

EURO….a close below 133.89 puts in an ORL daily pattern SPU’s..a close below 1364.80 SPH puts in an ORL daily Pattern Gold just hit near term support @ 1720

Euro…EFA…Metals

Posted on 02/29/2012

We’ve got some interesting mid week extremes happening… Double top in the EURO on a Point & Figure shows any shorts can be managed against today’s high. Sell any rallies in the Euro!!!! EFA..should be monitored for cracks in the … Continue reading →

A.M. Look 2/29/12

Posted on 02/29/2012

LTRO was a big yawn… The commodity currencies are leading the crosses this A.M. USD/CAD…a close under 99.06 USD/CAD is needed for an ORL week. ( over 100.90 H Futures). 99.29 USD/CAD ( 100.69 H Futures) is where the 50 … Continue reading →

A.M. Look 2/28/12

Posted on 02/28/2012

Grains…are all following through to the upside, confirming the break out patterns from yesterday. We have chosen to play this via Long JJG ETF. Wheat and Corn look particularly good. Spu’s…and stocks in general should be firm into tomorrow’s LTRO … Continue reading →

A.M. Look 2/24/12

Posted on 02/24/2012

The Yen Crosses are running the “Risk On” show. The Yen Crosses are important “Risk On” Barometers! At resistance levels in the crosses, the equities stall out. At support levels in the crosses, the short sellers get trapped causing rallies. … Continue reading →