We advised clients to buy natural gas today that did not yesterday; sell 1 August $3.25 put & buy 8 September $8.00 calls..todays fill $200 credit. OPEC meeting 5/28 Energy looks strong! We feel starting to buy here is too agressive, wait for a setback. The US dollar looks like it may rally as we [...]
Crude oil up 12% today on the front month, most likely short covering. A move $4 off the lows is impressive;hope you weren’t short. Stay tuned next week we may be advising longs in RBOB, as we said all this week on a close above 1.30 we could see 1.50 very soon thereafter. We continue [...]
February 12, 2009 By: Matthew Bradbard Eurodollars are deposits denominated in US dollars at banks outside the US, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the US, allowing for higher margins. There is nothing “European” about Eurodollar deposits; [...]
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 [...]
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 [...]
Oil briefly traded at $47 today. We could still test $32 before everything is said and done but if equities rally early next week we could see a move to $50 next week. Natural gas has been lower 13 of the last 14 days. Picking a bottom is dangerous and usually costly but keep this [...]
When any market moves higher on bearish news or lower on bullish news it should be noted. Whether it is talk of additional cuts or new money coming back into the market $40 on March now serves as the floor. As we have said in recent weeks oil needs to be on your radar, we [...]
I am writing this a bit early today and things may change in the next few hours but I need to leave the office early for a radio interview this evening. I will be joined by Barbashop; one of our most succesful CTA’s in 08′ (up over 130%). We will be speaking about managed futures. [...]
