Tag Archives: Silver
A.M. Look 10/16/12
Euro… is at the top of a triangle and channel line as shown on both the Point & Figure and Bar chart. Weekly stops rest over 130.60-75. Yen…is getting close to our breakdown level. 126.40-78 is still the closing support … Continue reading
A.M. Look 10/10/12
Nasd 100…2715-20 now becomes the key hold level and near term pivot. Spu’s…the resting stops are below 1425. EUR/AUD…we don’t expect to see much below 125.33. Euro…128.22 is the 200 day mvg avg. This is a better buy level than … Continue reading
Gold & Silver
1775 Gold is still holding with minor stops below. Silver is holding up better with the initial break holding the 18 day mvg avg. Price action back above 35 today should lead to a good rally. Use today’s lows to … Continue reading
A.M. Look 10/5/12
30 yr. Bonds…148.13 is the initial Point & Figure support. 147.18-24 is the the next level. Spu’s…our macro closing level of 1462 has not changed. This is the closing upside pivot that will lead to a test of the 1500 … Continue reading
A.M. Look 10/2/12
Bunds…140.96-141.01 is support. 142.31 is resistance. Were watching these levels for clues as to direction off the DAX/BUND spread. Copper…maintaining over 377 keeps a positive tone with 382 ish being near term resistance. General Comments… The Equity Indices are still … Continue reading
A.M. Look 9/28/12
Euro…129.59 is unchanged on the year. Presently it’s struggling. 30 Yr….150.16 is unchanged on the month. General Comments… I’m not remotely interested in anything that happens today. It’s all about the closes! Qtr end markings are not a game we’re … Continue reading
A.M. Look 9/27/12
Metals…Yesterday’s lows in the Gold, Silver & GDX should be used for short term money management on Long positions. Miners… BHP…66.81 was the 2/3rds coming back on the month. This needs to bounce from this level or lower levels will … Continue reading
A.M. Look 9/25/12
Gold…there are resting sell stops starting below 1757 with more under 1750. There are resting buy stops above 1800. Silver…35.25 is the upside closing break out. There should be small sell stops below yesterday’s low. GDX…the miners don’t act particularly … Continue reading
A.M. look 9/24/12
Euro…128.28 is the 200 day mvg avg. AUD/USD…103.78 followed by 103.40 is the near term support 30 yr. Bonds…148.16 resistance Oil… 91.44 close is the downside pivot General Comments… We’ve seen a small sell off in risk assets, coupled with … Continue reading