Tag Archives: Gold

A.M. Look 11/21/11

Posted on 11/21/2011

It’s a Risk Off World! There are just too many factors weighing on the markets. We’re all cash and we’re staying that way! Investors who wish to bottom fish in the metals should wait. There is every fundamental reason for … Continue reading →

Gold…

Posted on 11/18/2011

This is the visual on the Gold

A.M. Look 11/18/11

Posted on 11/18/2011

Euro…It’s caught between 135.50 and 134 ish. A momentum close is needed either way, above or below, for a short term signal. Oil…100 is short term resistance. If the board goes Risk Off again. 94.50 could be revisited. Gold…we’ll need … Continue reading →

A.M. Look 11/17/11

Posted on 11/17/2011

I’m feeling like I’m in a bad B movie, and Boris Karloff has strapped me to the rack in his torture chamber. OIL…Needs all new strength over last nights high or under 101.50 for weakness. Gold…We’re standing pat for our … Continue reading →

A.M. Look 11/16/11

Posted on 11/16/2011

EURO…135.50-80 on top…133.90-134.14 below( natural support) which is last years close matching Fib support ( half way back from the June 2010 low). Once closing under the yearly close, 132.50 seems the next area to test. This simply means to … Continue reading →

GOLD…Stops

Posted on 11/15/2011

The point & figure charts show the Gold needs all new strength over 1787-89 to start another leg up. This pattern does not preclude the possibility of another trip to the low 1760’s. We’ll raise out 1747 stop close to 1760 … Continue reading →

A.M. Look 11/15/11

Posted on 11/15/2011

It’s not a good morning for the risk on crowd. We would have been much happier if we just sold the Euro as a hedge against our portfolio. Short Euro/Long Gold..has been working for a while. Short Euro/long anything seems … Continue reading →

A.M. Look 11/14/11

Posted on 11/14/2011

AAPL… Many of you indicated that you ( led off on the buy level) and took a small Long position, even though it did not fill us at our preferred level, therefore we’ll write as though we’re Long for those … Continue reading →

A.M. Look 11/11/11

Posted on 11/11/2011

The whole board is an area specific Lemming Effect scalp. We’ve retested the major hold levels in the Equity indices once again yesterday as well as failing to remain above the 200 day in the S&P 500 Futures Tuesday into … Continue reading →

A.M. Look 11/10/11

Posted on 11/10/2011

Gold….We’re going to give this a full 20 dollars since we’re looking to make almost 400. I like that risk reward. The stop is under 1747 close in the futures….. app 169.85 in the GLD ETF. Silver…last night’s low needs … Continue reading →