MBWealth’s Commodity Blog

Crude recovered the two previous day’s losses gaining 1.8% today. We expected to see the 50 day MA give way and prices to trade lower, we were wrong. We would move to the sidelines until Crude gives a clearer signal on direction. We expect a trade above $79.50 to signal higher ground and a trade [...]

The actions of the Federal Reserve are coming into question, justifiably so. Inflation/deflation at this point it is semantics…the bottom line is commodities should be in your portfolio. A correction in crude oil comes into question as today it was bid higher for the third day running, use $67 as support $72 as resistance in [...]

March 2 -6 2009 By: Matthew Bradbard There is a significant difference between preservation and appreciation. In this environment traders/investors must be at the top of their game as unpredictability is widespread and the magnitude of movement in all asset classes is voracious. We want to expand upon one of our posts from last week [...]

February 23 -27 2009 by: Matthew Bradbard In his infinite wisdom I quote one of Rick Santelli’s comments from last week, “Instead of giving away fish we must teach the public how to fish.” Although I think he tweaked the original, this version is more suitable in its current context. The way I view it [...]

February 17, 2009 By: Matthew Bradbard It was evident very little could be done at the G-7 meeting to help the global slowdown. The G-20 summit in April could be more of a pivotal event. More than comments from the G-7, we would look for the passing of Stimulus Deux, the bank rescue and moratorium [...]

Absolutely relentless! Silver has now traded above $13.50/ounce, up from $8.50 just over 100 days ago. I will not say I told you so but read our Hi-Ho Silver report form November. We are expecting a correction any day now in gold and silver and stress that investors that have not taken advantage of the recent [...]

I will be out of the office for the next 2 days attending the World Money Show in Orlando Florida. For those of you who have not attended, this is a great place for investors to get terrific investment ideas from a number of very accomplished investment professionals. I will be listening to a number [...]

As of this writing the Aussie has taken off like a possessed kangaroo up virtually 4% today back above .6500 in March.We are fighting back with March longs in options and futures. Additionally in currencies we like the Loonie to the upside. We are pricing out 3 cent call spreads on the March yen but [...]

Steelers 27-17 is our prediction! Now to the markets as the first month of 09′ comes to a close.  Oil remains range bound between $40 and $50 as we wait a decision to see if a 75% reduction in prices is enough.  We continue to toy with the idea of gaining long exposure either via [...]

Get long gold and silver! We suggest out until July in silver and June in gold.  We have numerous ideas in futures and options depending on the account size and risk tolerance.  Although we choose not to trade copper we will follow the movement as to gauge the overall temperature of the economy; “Dr Copper.” [...]