Tag Archives: Silver
A.M. Look 2/16/11
The 30 yr.Bonds have finally probed the old support #’s of 119.08-15 last night. For short term traders we prefer to sell the rallies into this area. Euro will be back on the menu today. Pay close attention to this … Continue reading
A.M. Look 2/15/11
USD/JPY… 83.80-90 ( 119.15 ish futures) will be a zone that needs work to power through. Gold…We are going to take profit on our Gold position when the Silver trades anywhere close to 32 dollars.
A.M. Look 2/14/11
The currency trade will be difficult at best. Dollar bulls have to wait for the rallies to sell currencies. Eur/Chf has a double top on the monthly at 132.08. As you can clearly see the Euro is now the feature … Continue reading
Daily observation
Eur/Jpy…Eur/Chf are positive on the day ( choose your resistance wisely in the Euro) FXI..has held a big level on the downside.. Both Gold and Silver have held support for now. We will be looking to add to our long … Continue reading
Euro…EUR/GBP
EUR/GBP..is getting into Fib land..160 ish in the Pound will be a tough level to press shorts the first time in. I am bringing this to your attention for 2 reasons: 1) I want to see how the Euro reacts … Continue reading
FCX…
Freeport-McMoRan Copper & Gold Inc. 57.60-70 is the level to watch for tone. This is daily and weekly resistance. Sustained price action above this level would signal further gains to come in the metals complex.
A.M. Look 2/7/11
You need to let the morning set up a little more. The Euro is close to the bottom of a 100 point range and needs all new weakness below or above this range to start another move. ( do not … Continue reading
The Bonds,The Buck,Gold
For now there is no bounce in the 30 Yr. The yield differentials are finally having some effect on the commodity currencies which have lagged this up move in the dollar. There is currently a double top in the Canada … Continue reading
A.M. Look 2/4/11
UnEnjoyment is upon us once again. Dr. Nenner’s model in the 30 Yr. Bonds shows 118.08 as a significant level today. Pay close attention to this bond level for a reaction trade in the SPU/Bonds…(If the Bonds hold 118.08 you … Continue reading
GOLD…GLD ETF
Looking for value across the board… We are buying a small position in the Gold using a stop below today’s low in the futures and the GLD ETF. The futures stop is 1325…..The GLD is 129.30 Silver has been leading … Continue reading