Tag Archives: Miners
Metals…Miners
Per yesterday’s A.M. Look.. We will be increasing our long metals exposure with a close over 1552 August gold. “This is a live order”…. We will do this via the ETF’s GLD & SLV.. The Miners should also be on … Continue reading
Recap…The Running of the Lemmings..Redux
Yesterday saw the shorts get trapped in the Oil patch, today it was the Miners and AAPL leading the charge from a very oversold condition. Food for thought: was yesterday’s low in AAPL ( 310.50) @ Dr. Nenner’s # of … Continue reading
A.M. Look 3/14/11
This A.M. the main features will be the currency futures and grain expiration. The Currencies go off at 9:15 CDT. The U.S. Equity indices could have been worse given Japan’s market last night. Be patient and let it set up. … Continue reading
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.
Price Action
You’ve got some pretty interesting mid-week extremes going on. The present flows can maintain direction into no man’s land, after London’s close and thru New York’s lunch time. Then we’ll see if the U.S. buys the stocks back up later … Continue reading
Metals and Miners
Dr. Nenner has been looking for a possible short term high for the next couple of weeks tomorrow. There is a good chance you’ve seen it with the Silver reaching it’s upside tgt. This is why we have been telling … Continue reading
A.M. Look 12/7/10
Pretty much all the technicians have similar same level in the equities and the metals. Since this is the first time up to the tgt. in the Silver it’s time to ring the register. Each investor needs to assess his … Continue reading
A.M. Look 12/6/10
The Euro is seemingly following the weekly reversal #’s by rejecting the 134.40 area. This currency as well as pretty much all other instruments except the Gold and Silver have reversed direction since Friday’s close. The question is whether this … Continue reading
Metals and Miners
I like the present lows for the Gold,Silver and miners. With all the instability in Europe the metals look very attractive to me. Even with all the price action in the metals over the past 20 hours, the breaks held. The Europeans … Continue reading