Tag Archives: Miners
A.M. Look 4/25/13
Oil…we got to 92 a little faster than I expected. All new strength is needed over 92.25 is needed for more upside. Brent…102.25 is Fib resistance. 102.90 can reject the first time up with the next good resistance and tgt … Continue reading
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Miners have been banging along the bottom. We still need a close over 37.20 to get some further confirmation of a bigger low. So far it’s just been a 5% bounce off a multi-year fib
A.M. Look 3/8/13
Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him! AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s. EUR/JPY…maintaining … Continue reading
Mid Day Missive
Risk On Crowd… CAD/JPY…as long as this maintains above 91.50 look for the stops to be run above 92.27. This also appears to be the only way to manage a short Yen position with limited risk.. In other words…you have … Continue reading
GDX…Miners
The miners are retesting their last breakout of 48.40, which is also the 200 day mvg avg. The weekly charts show that 47.63-83 is the lower risk buy zone with a tight stop. Spu’s…sustaining over 1367.50 will run out the … Continue reading
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MCP…is trying to pick itself up off the mat again. Closing over 11 should see this taking another look at the 50 day mvg avg around 12 with an unemployment report that’s not devastating
A.M. Look 9/27/12
Metals…Yesterday’s lows in the Gold, Silver & GDX should be used for short term money management on Long positions. Miners… BHP…66.81 was the 2/3rds coming back on the month. This needs to bounce from this level or lower levels will … Continue reading
Miners et. al.
BHP…this is a cheap look to buy against 69.20 for the short term trader. 68 is the level for the longer time frame investors to try a long. FCX…38 is our preferred level. Nem…52.85-37 is the area of interest. The … Continue reading