We’ve had a challenging time trading of late as all seasoned traders sometimes go thru a dry spell. Natural gas may be the first market to turn in our favor, will corn or the S&P be next? Fresh 2010 highs in Crude oil as prices have gained over $6 in the last 5 sessions. Taking [...]
Please click on spreadsheet to view and adjust magnification on your viewer Energies Neither bulls or bears have been able to gain much traction as prices of oil have wandered in a $5 range for the better part of one month. We’ve yet to get the break in prices forecasted but we are still positioning [...]
Movement is all about the US dollar and Crude. The dollar gave up over 2% today and its through its first support; has the move lower begun? International currencies were 1-2% higher. Crude closed 9% higher on the day and is on the verge of punching through $50/barrel once again. Gold and silver had a strong showing [...]
The University of Colorado came out with their estimates for hurricane season next year; 14 named storms 7 hurricanes. Energies were up and the US dollar was down, as we have alluded to most commodities are being guided by oil and dollar. March silver was 35 cents higher, February gold higher by $28! We suggest [...]
The RBC cut 75 basis points today bringing rates to 1.50% in Canada; which is probably a little more than the market had priced in but the Loonie held its own even with little help from energies and metals. We have lightly been buying energies; crude and natural gas options looking for a bounce on [...]
We suggest using this setback in metals to gain long exposure in gold and silver via futures and options. This week the ECB, BOE, RBA and RBNZ all meet on interest rates and we expect cuts across the board; contact us for our expectations. Talk of the British pound becoming part of the Euro contributed [...]
