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kenny1703 (< 20)

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Gold: A trend forged by the Fed

November 06, 2013 – Comments (0)

It has been quite obvious that the Gold market is driven by the Fed as the stimulus or quantitative easing has propelled the Gold market higher! The projection of tapering in September prior to the budget debacle had been enough to drive the Gold down into a lower range. The inverse relationship that Gold has with the US Dollar has never been more clear.  [more]

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Gold seeks footing!

October 17, 2013 – Comments (2)

The Gold market may get it’s boost if there is no accord going into a potential default! The US Dollar would lose value and the Treasuries would be worth less if the premier currency and its debt instruments defaulted. Gold would then take on a flight to quality role. Last Friday, it had an incredible selloff about 8:40 AM CST. About 800,000 ounces of Gold into the London fix or Comex exchange so it was rumored. The size of the order halted trading. Typically the large fund managers scale orders into the market more gradually.   [more]

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Cotton is 85 points lower on Macro fears.

April 25, 2013 – Comments (0)

Cotton futures rallied two cents from the low on Friday ahead of the close, probably spurred by option expiration in the May contract.  [more]

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Grain market relatively quiet this week

February 19, 2013 – Comments (0)

The grain market this week was relatively quiet compared to weeks past, with high volatility in soybeans in the March contract settled last Friday at 14.30 level…up about $.08 for the trading week – still trading above its 20 day moving average but below its 100 day moving average. There is no trend in sight as investors and traders are keeping an eye on South American weather, which at this point is relatively decent while we’re going into the critical growing season in the next 3 to 4 weeks.  [more]

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Precious metals weaker across the board

January 24, 2013 – Comments (0)

(futuresknowledge.com) - The precious metals in New York today are weaker across the board, with gold down $17 an ounce in the April contract…currently trading at 1,672 as traders are taking profits from the recent run-up in prices – while gold right now is currently trading right at its 20-day moving average. It is getting further away from the critical 100 day moving average, which stands at 1,721. In my opinion, I still believe precious metals are still headed higher.  [more]

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