Tag Archives: Precious metals
A.M.Look 7/6/12
Posted on 07/06/2012
Spu’s…The chart pattern does not look great with an ORL day on the all session chart. Sustained price action below 1356.50 ( the qtrly close) can lead to a descent sell off into the 1330’s where buyers should be found. … Continue reading →
A.M. Look 4/25/12
Posted on 04/25/2012
Today being FED day, it will be all about the Precious Metals after 1:15 CDT. If there is even a hint of future monetary accommodation in the statement, the Gold & Silver will hold and rally. The metals have to … Continue reading →
Gold & GLD…Pattern Alerts
Posted on 04/12/2012
Both instruments are putting in ORH days… We are at short term resistance in the Gold and Silver at today’s highs. 1690 is the 200 day in the Pit Gold, however 1695-1702 is where the major moving avg’s converge in … Continue reading →
Gold….Trade Alert!!!
Posted on 04/11/2012
We are starting a long position in the Gold! Futures or ETF’s your choice… We are looking to add on any weakness of 10 dollars.
Platinum Point & Figure 25×3
Posted on 03/28/2012
1629.50 is a key support level. This area was a big hold the first time down.. Keep it on your Radar for further price action…
Gold…Silver…Pattern Alert
Posted on 03/09/2012
1715 is the first 30% Fib retrace from the 1793 Leap Year high. A close today over 1705 puts in an ORH day, defining a trad able low. The Silver ORH # is 34.19 for the all session (K) May contract. … Continue reading →
A.M. Look 3/9/12
Posted on 03/09/2012
Unenjoyment Friday…I am already dusting off my trading blindfold and mail gloves ( so I can’t click the mouse). Metals…typically a big day for direction ( usually significant highs or lows for the month). Gold would have to hold around … Continue reading →
SDS…Stop…Metals Position Update..
Posted on 02/29/2012
We’ll use a 15.80 stop in the SDS. We will add to this position with a close today over 16.20 We are currently Flat the metals and the miners.
A.M. Look 2/28/12
Posted on 02/28/2012
Grains…are all following through to the upside, confirming the break out patterns from yesterday. We have chosen to play this via Long JJG ETF. Wheat and Corn look particularly good. Spu’s…and stocks in general should be firm into tomorrow’s LTRO … Continue reading →
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