Tag Archives: Precious metals
A.M. Look 2/24/12
Posted on 02/24/2012
The Yen Crosses are running the “Risk On” show. The Yen Crosses are important “Risk On” Barometers! At resistance levels in the crosses, the equities stall out. At support levels in the crosses, the short sellers get trapped causing rallies. … Continue reading →
A.M. Look 2/23/12
Posted on 02/23/2012
Yesterday found me beating back my accrued Pavlovian tendencies from my charged years of Pit trading. I wet myself and realized my issue before I embarrassed myself. We try to limit those episodes. Right you are! I’m not alone, we … Continue reading →
A.M. Look 2/22/12
Posted on 02/22/2012
Platinum…leads the metals. Last night’s high (1711) was the major 2/3 rds Fib coming back up on a 4 year swing. It’s a big big level! Remind yourself that the Platinum has just rallied $300 in a few weeks. This … Continue reading →
Metals
Posted on 02/21/2012
The industrial metals are leading…Platinum & Silver. Platinum is currently trading above it’s daily key mvg Avg’s while hitting the weekly #’s right here. 1700 Platinum is the 2/3rds coming back up on the 2 year swing. It needs all … Continue reading →
A.M. Look 2/3/12
Posted on 02/03/2012
It’s another un enjoyment Friday. This day has been a non event for a long time with the exception of the metals. The first Friday has typically shown a significant high or low for the next few weeks in Gold … Continue reading →
A.M. Look 1/31/12
Posted on 01/31/2012
It’s Month End…Don’t Fight The Flow… Typically going into end of month instruments tend to go in the direction they have been traveling. This month it’s Equity Indices up,Dollar down,Metals up & Commodities up. These movements are even more pronounced … Continue reading →
Risk On …Risk Off
Posted on 01/30/2012
Is that all there is for Risk Off? The present lows in the Equity Indices are good hold levels. Price action back over 1302 (SPU) later in the day will have the shorts running for cover. Price action to new … Continue reading →
Metals & Miners
Posted on 01/27/2012
The precious metals and the miners look good against today’s lows… Nem & SLW ( Newmont & Silver Wheaton both look good ) Both NEM & SLW are trading above the 200 day moving aversge and a close up here … Continue reading →
Position Update MCP…GDXJ…
Posted on 01/12/2012
You should be stopped on the miners (GDXJ) if you got involved today. MCP…This bad boy is up 9% on the day! If involved you should be down to no more than a token 20-25% position with a break-even stop on … Continue reading →
Pattern Alert…AUD/JPY
Posted on 01/12/2012
A Friday close over 79.74 puts in an outside reversal week to the upside. This should match up with a close in the AUD/USD over 103.80-104 level. App ( 103.15-20 ish H Futures) We would view this as Bullish for Commodity … Continue reading →
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