Tag Archives: Silver

A.M. Look 9/21/12

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 9/19/20

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 9/14/12

AAPL…a close today over 682.48 is needed for an ORH week. Euro…is trying to complete the first major Fib swing on a 2 year look @ 131.50. GBP/USD…stops are over 163.05 tgting 164.20. EUR/JPY…102.54-86 CAD/JPY…sustaining and closing over 80.86 should … Continue reading

Gold & Silver

1782-1800 …Gold 35.15-35……Silver Both are areas to not chase direction the first time up!

A.M. Look 9/13/12

Euro…129.95 + a few…131.46-50 GBP…162.37 is the April/May close we broke from. EUR/CHF…which has looked like a heart monitor on a corpse for the past 8 months, is attempting an ORH month with a close over 120.92. Last week was … Continue reading

Gold & Silver Pattern Alert

Mid-Week Shuffle…. If everyone decides to hit the sell button and take profits at the same time today, here are the levels to watch.. Silver…33.38 with more stops below 33.28 Gold…1725.80 These are the ORL levels…This is where the weak … Continue reading

A.M. Look 9/12/12

EWZ…55.90-56.09 is first resistance with stops above. 56.80 is first yearly fib resistance. Closing above will tgt 58. XCO…we’re looking to take some money off the table over $8. 8.25-30 is a good spot to sell 70% of your position. … Continue reading

A.M. Look 9/10/12

Silver…33.30 was last qtr’s high, by remaining over ( or holding the breaks to 33.30) keeps Silver from having a deeper re-trace. This will be a descent short term pivot. Gold…just an observation about the RSI’s on a Qtrly chart. … Continue reading

A.M. Look 9/7/12

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

A.M. Look 9/6/12

Copper…is poking it’s head up with an ORH day yesterday. Looking back at the cloud you couldn’t of had a better low to hold @ 340 ish. 355 is the first third coming back on a yearly swing with 360 … Continue reading