Archive | October, 2008

Mike Daily Joins Super Futures

SuperFutures is proud to announce the arrival of Mike Daly to lead our Marketing and Gold trading divisions. Mike is a former Goldman Sachs and J.Aron Gold Broker and a member of the Chicago Mercantile Exchange Gold Committee. In addition Mike has been a member and active broker and Trader of the Chicago Mercantile Exchange,Chicago […]

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Gold Futures

December Comex Gold Futures

Gold Bears Now Eye Longer-Term Support at $640.00 December Comex gold futures on Thursday morning hit a fresh 14-month low of $695.20. Serious near-term technical damage has been inflicted in the precious yellow metal recently, as price action in just over two weeks’ time has seen prices fall below major psychological support levels of $900.00, […]

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Rising Dollar or Sucker Rally?

Commodities as a whole have been trending lower in the face of the rising Dollar. We believe this “trend” is temporary at best. We all know that in the long run supply and demand determines price of just about anything of value on this planet. Well the US government in its “wisdom” has in the […]

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Option Queen Letter

Are we having fun yet?  Remember the days not so long ago when we were complaining that there was too much complacency in the markets?  Wow, how have things changed!  We have never seen the VIX at the levels seen lately and yes, we lived through the 1987 crash!  Today’s markets are different from the […]

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Live Cattle

Live Cattle See a Short Covering in a Bear Market

December live cattle futures at the Chicago Mercantile Exchange last Friday notched a fresh contract low of $91.30. Price action Monday and Tuesday morning did see a short-covering bounce in a market that is still firmly in the hands of the bears, on a short-term technical basis. Live cattle futures remain in a 14-week-old downtrend […]

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Congratulations Paul Krugman

When asked what he would do if he was running the country, Krugman cited the move earlier today by the British government to acquire controlling stakes in two of the country’s largest banks in exchange for a $64 billion capital infusion as an example of the bold measures needed to stem the crisis. His priorities […]

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Gold Futures

Golden Time

As the “Financial Blame Game” continues it is apparent to me the economy is not going to make a miracle turnaround overnight. It certainly took a long period of time to get in this present condition. I remember the days when it appeared all you needed to do to be qualified for a mortgage was […]

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The Sky is Falling

Well now that the “rescue package” has been signed into law, we will see how markets react to this package. We are already seeing sharp falls in international stock markets early this morning here in the states. Clearly the markets still lacks any sense of confidence and until we regain some reasonable level of confidence, […]

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Option Queen Letter

The good news on the stock and bond market is; that the talking air-heads have stopped talking about finding a bottom in the market. This is the first symptom of an impending bounce in the wind. This bounce can take the market on a wild ride to the upside, but a ride that may not […]

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Baltic Dry Index

The Baltic Exchange Dry Index, which measures the cost of dry bulk shipping, continued to drop. Although not as good a proxy for commodity indices as it once was, the Baltic Dry’s fall is reckoned to reflect weakened demand for raw materials in China. The share prices of shipping lines in China and Japan are […]

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