Archive | July, 2006

Gold Bulls Working on Price Uptrend

Gold Bulls Working on Price Uptrend

August gold futures are presently in a fledgling uptrend from the mid-June spike low of $546.40 an ounce. Prices this week have worked to a fresh two-week high of $599.00, scored Tuesday. That price level is now some solid overhead technical resistance. A push and close above $599.00 and then above major psychological resistance at […]

Continue Reading 0

Option Queen Letter

Russell Indices are rebalanced only once per year. You might say “So what”, but here is what it looked like after that rebalancing, after the close of the session for the Russell futures on Friday June 30, 2006: Russell 1000, prior to the rebalancing, down 2.25; after the rebalancing, down 1.60; Russell 2000, prior to […]

Continue Reading 0
corn_sept.jpg

Corn Futures Trade

Corn has been selling off for most of the spring and early summer. We are beginning to see signs of a bounce. That bounce is based on deteriorating crop conditions due to all the crazy weather we have seen this year as well as all the talk about ethanol. With a number of new ethanol […]

Continue Reading 0