Tag Archives: Gold
A.M. Look 5/10/11
The bargain hunting continues after last weeks sell off. We now have no current positions. Our trailing stop in the Aussie Dollar was elected on the close yesterday. Silver resistance is 39.75-40.00 dollars ( a 30% bounce off the recent low). 1520 … Continue reading
AUD/USD…Aussie
While the Aussie has rejected it’s initial 108 resistance the Yen crosses have taken over the entire board since the RBA announced it’s inflation data last night. In the meantime the Aussie resistance of 108 seems to be matching up … Continue reading
A.M. Look 5/6/11
So much for SINKO DE MARKETS DAY… We typically get a low for the rest of the month in the precious metals. Pattern alert GLD ( ETF)…this puts in an outside reversal lower week with a close below 145.45. We … Continue reading
GLD
Use a 146.20 stop on the GLD intra day for that side of the spread. We’re Short Aussie/ Long Gold. This means we are just staying short the Aussie ( Long U.S. Dollars) if we get stopped on the Gold … Continue reading
A.M. Look 5/5/11
Yesterday we nibbled on some Gold and Silver ETF’s.. Ouch! It’s painful to be early! The pain is only mitigated by the Short Aussie we hold against them.Silver needs to show some kind of a reversal in the next couple … Continue reading
SLV…GLD…SPU
We just got a little bigger on the long side of Gold and Silver.. The Spu and Nasd have held for now and it would not surprise us to see some strength into tomorrow before unemployment. —
A.M. Look 4/28/11
Red light …Green Light trading.. The Bonds aren’t breaking and the Fed seems to have the rates where they want them. My eyes just keep taking my focus to the Aussie and the 110.30 level which is THE major Fib … Continue reading
USD/CAD…GOLD…USD/BRL
95.64 USD/CAD…a close over this level in USD/CAD ( under 104.43 futures “CAM”) will put in an outside reversal day. Gold..a close below 1495 today would put in an outside reversal day to the downside after making new all time … Continue reading
USD/CHF…Suisse…Gold…Silver
A close today over 88.56 USD/CHF (under 112.93 futures “SFM”) is very significant. This would put in an outside reversal day in the Suisse which would more than likely telegraph some severe profit taking in the metals. Watch the level … Continue reading
4/25/11
Let’s start where we left off.. April 15, 2011 9:46:16 AM CDT DIG…The real stop for this Etf is 55.40, however those that do not wish to risk that much can use 56.20 close. You should take 2/3 rds of … Continue reading