Tag Archives: Silver
A.M. Look 12/6/10
The Euro is seemingly following the weekly reversal #’s by rejecting the 134.40 area. This currency as well as pretty much all other instruments except the Gold and Silver have reversed direction since Friday’s close. The question is whether this … Continue reading
A.M. Look 12/3/10
First just a couple of general comments about sniffing out the big macro turns: If you’ve been following us for a while you’ll note that we’re usually a couple of days early on the turns, as with the Aussie this … Continue reading
A.M. Look 12/2/10
Core positions are presently long TBT,Aussie,Smh or Soxx index,YCS (short yen) and long JJG ( grain etf) Many of you have key long Gold and Silver holdings with a smattering of miners and selected oil stocks. Stay the course. It … Continue reading
A.M. Look 12/1/10
Today going into tomorrow we’re going to find out what chart patterns are real. Last night’s low in the Aussie @ 95.37 is one of the big tells on the board. Macro stops will be building below and should act … Continue reading
Metals and Miners
I like the present lows for the Gold,Silver and miners. With all the instability in Europe the metals look very attractive to me. Even with all the price action in the metals over the past 20 hours, the breaks held. The Europeans … Continue reading
Euro,Aussie,Silver, 11/16/10
I am taking the rest of the short Euro and Aussie off right here. Those of you that are very bearish can use a trailing stop above today’s highs. The best course of action is to book the money.. You still have … Continue reading
A.M. Look 11/11/10, 7:38am
Just a few observations: The spu’s are caught between 1197-1202 on the downside and need a close above 1224 to get anything going on the upside. Currencies…I do not envision any follow through dollar weakness until after the G20. Politics … Continue reading
peripheral currencies Usd/Brl….Usd/Rar, 11/10/10, 10:46am
Yesterday was a day of outside reversal lower closes in so many asset classes I can’t keep up. Corn,Wheat…Silver ..Gold…Depending which chart ( all sessions or Pit) Spu to name a few. Then there are the miners and the list goes … Continue reading
Silver…Gold …Mining stocks, 11/9/10
Long term investors should take at least 30% of their positions off the table to lock in profits. We’ve rejected the first big tgt matches or 1410 Gold and 28 Silver. Yes I am still bullish long term but it’s … Continue reading
Silver….TBT, 11/9/10, 2:33pm
We’ve seen this Margin movie before over the years. After the 1987 crash the CME margin requirements to protect the clearing members from lunatic runaway speculation left just a handful of guys left trading Spu in the pit..Those guys made a … Continue reading