Tag Archives: Gold
Gold….TBT
Take off 50% of both positions @ the market… Time to cash out for the long weekend.
Gold & Silver
This is the low end of the tgt. zone for Silver. We were initially eying anywhere from 31.60 to a now high extreme of 32.60. Prudent trading would dictate that those long Silver should now start scaling out. In that vein we … Continue reading
TBT…Gold
Those of you who bought TBT yesterday use a 39.60 intra day stop. The 30 Yr. has to top right here or there is more upside in the cards. We’ll be looking to add to our long Gold position with … Continue reading
A.M. Look 2/16/11
The 30 yr.Bonds have finally probed the old support #’s of 119.08-15 last night. For short term traders we prefer to sell the rallies into this area. Euro will be back on the menu today. Pay close attention to this … Continue reading
A.M. Look 2/15/11
USD/JPY… 83.80-90 ( 119.15 ish futures) will be a zone that needs work to power through. Gold…We are going to take profit on our Gold position when the Silver trades anywhere close to 32 dollars.
Gold…TBT…30 Yr. Bonds
Gold..let’s add a little more Gold. 30 YR…Still looking to sell the 30 Yr. the first time up into the old support @ the 119.08-15 area. This should match up with the 39.60-70 level in the TBT. Time Horizon to … Continue reading
A.M. Look 2/14/11
The currency trade will be difficult at best. Dollar bulls have to wait for the rallies to sell currencies. Eur/Chf has a double top on the monthly at 132.08. As you can clearly see the Euro is now the feature … Continue reading
GBP/USD….Gold
The Pound is the lowest risk currency to sell on the board. Day traders should sell any rally toward 160.20.. using a closing stop over 160.20. Raise your stops in the Gold to 1348 close. Presently, it does not act … Continue reading
Daily observation
Eur/Jpy…Eur/Chf are positive on the day ( choose your resistance wisely in the Euro) FXI..has held a big level on the downside.. Both Gold and Silver have held support for now. We will be looking to add to our long … Continue reading
Euro…EUR/GBP
EUR/GBP..is getting into Fib land..160 ish in the Pound will be a tough level to press shorts the first time in. I am bringing this to your attention for 2 reasons: 1) I want to see how the Euro reacts … Continue reading