Tag Archives: Silver
USD/CAD…Stops…Safe Haven Price Action
Currently USD/CAD is having difficulty with the 94 level. A close today over 94.80 will have us sell the remainder of this position. We’ve been stopped out of Cat…( “The dog with the least amount of fleas” Gordon Gekko ..after … Continue reading
A.M. Look 7/27/11
The main feature last night was the Aussie. Major stops were elected over 110.20. 110.81 ( 1979 low)-111( opening of trading in the AUD/USD 1971) is the resistance I show. 111 is a huge # for me on a lot … Continue reading
SPU…Gold…Price Action
The best of the good news is out. Is this the high for a big sell off again or not? 1315 seems the lowest risk level for short term traders to try a long ( or minimally, not press shorts) … Continue reading
Gold & Silver…Pattern Alert
1591.40 is the important closing level for the All-session contract. A close below would put in a very trad-able high in the Yellow Metal. Silver…39.64 is the closing # Why, Bonds have rallied creating a full on rush to find … Continue reading
A.M. Look 7/19/11
We’d like to thank John Thomas, “The MAD HEDGE FUND TRADER”, for an insightful and entertaining luncheon at his Chicago event, it’s always a pleasure! Lemming Effect Trading…yesterday was more of the same…we sent out the Swiss and EUR/CHF charts … Continue reading
A.M. Look 7/15/11
Let the day set up. Most traders are worn out from the recent moves. It’s been a scalpers paradise. I have been inundated with e-mails from long term investors wishing to initiate new buy and hold positions. As of now, everything seems … Continue reading
A.M. Look 7/8/11
In yesterday’s session we took off the rest of our long exposure in the SPU & NASD futures. Those of you that had Miners or AAPL either took it all off or are down to 25% positions with trailing stops. … Continue reading