Tag Archives: Precious metals

A.M. Look 2/5/13

Posted on 02/05/2013

EUR/GBP…85.50 support… 87.70 resistance Oil…95.90-9600 is closing support. 98.25 is the upside resistance and breakout. Yen…107.34 is the ORL #. Price action around this level will telling. precious metals…appear to be winding up for another move. We think it will … Continue reading →

Silver…Trade Alert!

Posted on 01/24/2013

We’re going to go short Silver via Buying the 30.50 H puts for 31 cents.

Metals & Miners….Food for Thought

Posted on 01/15/2013

The Gold and Silver are attempting to confirm higher. Some of the names might be much better plays (depending on your proclivities) via call spreads or direct long positions versus outright’s in the metals AGQ…double long Silver…the 200 day is … Continue reading →

A.M. Look 1/10/13

Posted on 01/10/2013

Oil…94.56-80 is resistance. 95.25 ish is next. Only a couple of closes over this level will confirm more up. Aussie Futures…105.33-44 is resistance with this being a pivotal level for more upside. AUD/USD…105.87 was the Dec. high. We need to … Continue reading →

A.M. Look 1/9/13

Posted on 01/09/2013

Spu’s…sell stops below 1444. Then the levels are in 10 point increments. Bulls will be looking to buy 1434-25. Nasd 100…2682 down to the 200 day @ 2667 is the buy zone and the exit zone for any shorts the … Continue reading →

A.M. Look 1/8/13

Posted on 01/08/2013

Oil…93.87 was the last high in Crude. Monitor the level for possible price rejection the first time up. By maintaining above 92.75 this has a destiny with higher prices. The next set of macro stops are between 94.50-60 with mvg … Continue reading →

A.M. Look 1/4/13

Posted on 01/04/2013

Silver…29.83 is the weekly ORL #. Failing to recover early and sustaining back over this level can give way to the low 28’s Gold…1654.10 is the matching weekly ORL #. 1637.60  was the Dec. unemployment low with stops below. 30 … Continue reading →

Metals

Posted on 11/08/2012

AGQ…a close today over 50.52 is price positive Gold…is over the unemployment high of 1727 which is price positive, although it needs a little higher as seen on the Point & Figure Charts..a close over 1736. Silver…still needs closing strength … Continue reading →

A.M. Look 10/4/12

Posted on 10/04/2012

30 yr. Bonds…need to sustain under 149.10 for another point lower. Spu’s…held the qtrly close yesterday and are now in recent mid market awaiting unemployment tomorrow. Euro…has a small double top on the P&F chart @ 129.60 ish, which is … Continue reading →

A.M. Look 10/3/12

Posted on 10/03/2012

Eur/Aud…has been the feature in the currencies. 125.50 is support with resistance coming in +- a few ticks either side of 127, followed by the next big figure of 128. Soybeans…are at their first initial tgt of 15 dollars, however … Continue reading →