Tag Archives: Precious metals
A.M. Look 10/1/12
Posted on 10/01/2012
Spu’s…stops are below 1425 and above 1445. Euro…128.23 is the 200 day mvg avg. 127.44 is the next fib support. EUR/JPY…price action under 99.62 is needed to keep pressure on the Euro. General Comments… Use Friday’s closes in everything for … Continue reading →
A.M. Look 9/21/12
Posted on 09/21/2012
Intermediate near term Pivots… Oil…as long as the Oil remains above 91.44 close it has a positive bias. Spu’s…closing below 1450 puts this on the defensive. Closes above 1462 are positive. Nasd…2840-45 now becomes our downside pivot. Closes above 2860 … Continue reading →
A.M. Look 9/20/12
Posted on 09/20/2012
USD/JPY…79.22 will be our macro pivot. ( App 126.40 Futures). Look for this level to run the Yen crosses against the Commodity Currencies. Use the crosses as the general risk tools they’ve been all year. CAD/JPY…AUD/JPY up, it’s Risk On. … Continue reading →
A.M. Look 9/19/20
Posted on 09/19/2012
Soybeans (X)…closes below 1640 will lead to another swing down. Above 16.70 we’ll see some more strength Wheat…9 dollars will be pivotal. Corn…7.60 will be pivotal. Equity Indices…Futures expire tomorrow. We are in wait and see mode. 30 Yr. Bonds…need … Continue reading →
A.M. Look 9/7/12
Posted on 09/07/2012
Today, being Unemployment day, is typically about volatility in the 30 yr. Bonds and the Metals. Precious metals….today is a day of extremes. A good high or low can trend for weeks. Today we’re looking for a trad-able low. This … Continue reading →
AGQ_-_ProShares_Ultra_Silver_Daily.gif…Trade Alert!
Posted on 08/20/2012
Silver…is starting to shine. Since I started writing, this the ETF has rallied 60 cents. Let’s try and pick this up on a pullback to 40 with a 39 stop. Silver needs over 28.55 to brk out to the upside. … Continue reading →
A.M. Look 7/24/12
Posted on 07/24/2012
ECA…put in an ORH day yesterday. This instrument needs closing action over 21.40 to confirm more up. AAPL…Those of you that bought the July 27 calls early yesterday should now have a free look going into today’s earnings. Spu’s & … Continue reading →
A.M. Look 7/17/12
Posted on 07/17/2012
Oil… 86.60 is support…89 – a couple is a potential double top. Gold & Silver…both need higher for breakouts to the upside. General Comments… Have fun trading Ben’s testimony. I’m not sure why anyone would think the Fed would be … Continue reading →
Metals Alert!
Posted on 07/10/2012
Both Gold & Silver are attempting ORL all session day as well as completing ORL Pit session patterns. “1581 Gold”…27.09-16 Silver. This is the same pattern as the Equity indices. Copper…under 340 does not act particularly well, while many of … Continue reading →
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