Tag Archives: Silver
A.M. Look 4/26/13
Silver…broke out to the upside above 24.35 In early Asian trade on the Point & Figure as shown late yesterday. 25.06 will be sticky the first time up, which just means it’s a better exit level than a place to … Continue reading
Silver
24.35 is resistance and the upside pivot.
A.M. Look 4/16/13
Spu’s…need to maintain over 1556.50, yesterday’s break down level, to reverse up. Spu’s need to go 1548 sellers again and remain offered to achieve the 1530 1st macro support. 30 yr Bonds…147.18-21 will remain pivotal. This instrument still needs closing … Continue reading
A.M. Look 4/15/13
Gold…has hit our downside extreme just shy of 1380. Silver…22.65-75 is a 12 year retrace level that can bounce, however the better level to buy Silver is around 21.50. USD/JPY…97.50 is first dollar support ( app 102.45 ish in the … Continue reading
Punt of the Month…Precious Metals Trade Alert!!!
The Metals are panic selling central…This is another situational trade.. Good For Today Only!!! Gold…@ 1430 (M) GOLD we are going to Buy a 15% position in 1500 June Calls Expiring 5/28/13 Silver…@ 24.60 (K) SILVER we are Buying a … Continue reading
A.M. look 4/10/13
SPU…sustained price action below 1557 will signal another about face in the index. SPU/BONDS…are coming back to the 18 day again, which we’ll be monitoring for follow through. 30 yr.Bonds…we’re trading at our first exit zone again of 146.17-20. 146.04 … Continue reading
A.M. Look 4/6/13
Spu’s…592.50-593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading
A.M. Look 4/5/13
EUR/JPY…there are resting but stops @ 126.07. 123.89 becomes the weekly hold level on any retrace. AUD/JPY…shows the same pattern with 99.44-60 being the key hold level. CAD/JPY…97.00 is resistance and the next closing hurdle for higher. GBP/JPY…do not fade … Continue reading
A.M. Look 4/4/13
Spu’s.. call me a reluctant Bear, we have to go 1544 sellers to break. 30 yr Bond…P&F resistance started at 145.22 yesterday which gave us initial price rejection, however we’re only concerned with the bigger macro areas which we laid … Continue reading