Tag Archives: Gold
FCX…
Freeport-McMoRan Copper & Gold Inc. 57.60-70 is the level to watch for tone. This is daily and weekly resistance. Sustained price action above this level would signal further gains to come in the metals complex.
A.M. Look 2/7/11
You need to let the morning set up a little more. The Euro is close to the bottom of a 100 point range and needs all new weakness below or above this range to start another move. ( do not … Continue reading
The Bonds,The Buck,Gold
For now there is no bounce in the 30 Yr. The yield differentials are finally having some effect on the commodity currencies which have lagged this up move in the dollar. There is currently a double top in the Canada … Continue reading
A.M. Look 2/4/11
UnEnjoyment is upon us once again. Dr. Nenner’s model in the 30 Yr. Bonds shows 118.08 as a significant level today. Pay close attention to this bond level for a reaction trade in the SPU/Bonds…(If the Bonds hold 118.08 you … Continue reading
A.M. Look 2/3/11
Spu is now showing a double top on the point & figure all sessions chart @ 1306. 1283.50-1290 will be support and a bear trap the first time down. 30 Yr. Bonds….unfortunately we have no position, however macro stops remain under 119.08-119.00, … Continue reading
A.M. Look 2/2/11
This is a good day to let things settle down. Most markets have to set up again for further price action.We did nibble in the Gold yesterday just in case of a Dollar route. Short term traders, trade what you … Continue reading
GOLD…GLD ETF
Looking for value across the board… We are buying a small position in the Gold using a stop below today’s low in the futures and the GLD ETF. The futures stop is 1325…..The GLD is 129.30 Silver has been leading … Continue reading
A.M. Look 1/31/11
Early Asia showed us all the extremes ( highs in the gold ,silver,oil) (lows in the Aussie,Euro,Spu). It’s the last trading day of the month! Not a good idea to fade the monthly directional flows today. The flow is long … Continue reading
Pattern Alerts
Gold…1336.40 pit Silver..27.72 pit Oil… 87.96 all sessions SPU…1279 is last weeks close…we are already way below the 1290.80 for the outside reversal daily. A close below 1267.70 finishes it off with a weekly “orlw” Dr. Nenner has a model … Continue reading
SPU.. Pattern Alert
A close today below 1290.80 would be needed for an outside daily reversal close lower. In the meantime the rest of the board is showing concern over Mideast political tensions with the Dollar move up against the Euro and commensurate … Continue reading