Archive | August, 2009

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Daly Gold Blog

Today’s Gold trade settled $5.30 lower… There was a very large trading range in the Globex over night trading session ($17.80) producing a High of $962.10 and low of $944.30. The Gold market took a massive tumble due to $3.00 plus sell-off in the Crude Oil, a rise in the U.S Dollar index and China’s […]

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MB Wealth Commentary

Energies Look for guidance from the dollar and the stock market to help positioning in energies. What will be on our radar this week is buying December $75/80 call spreads for under $2000 for clients wishing to gain long exposure in Crude oil, if the support holds? As we wrote last week we would not […]

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BM&FBOVESPA hosts 4th International Financial and Capital Markets Conference in Brazil

The Brazilian Securities, Commodities and Futures Exchange, BM&FBOVESPA, will host the 4th International Financial and Capital Markets Conference between August 27 and 30. The biennial event takes place in the city of Campos do Jordão, in São Paulo, Brazil. The Conference’s objective is to promote derivatives and capital markets and to bring together in Brazil […]

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Line in the Sand

            Trend   Commodity Symbol Month Sentiment Support Resistance short medium long Energy                 Crude oil CL V BULLISH 71.50/71.75 75.00 UP UP UP Heating oil HO V NEUTRAL 1.88/1.90 1.96/1.98 SIDEWAYS UP UP Gasoline XRB V NEUTRAL 1.8350/1.8450 1.94 SIDEWAYS UP UP […]

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Separate Yourself from the Herd

Why is it dangerous when most of the marketplace is leaning one way? Well, because most people lose money when they invest, so if you do what most do you will arrive at the same outcome. When the majority thinks the stock market is moving into a new bull market it is probably time for […]

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Warming Up With The 3-Year Auction

After a slow start to the news week, traders were able to gnaw their teeth on this afternoons 3-year note auction. However, with the 10 and 30-year auctions and the FOMC interest rate decision looming, the market is bracing itself for volatility. Today’s auction went relatively well; $37 billion in 3-year notes were met with […]

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A False Sense of Security

It always amazes me how short-term investors’ memories are. There is chatter of improving U.S. and world economies, which we feel is way too premature. Corporations are reporting optimistic numbers but could that be because expectations were so low? We’ve lost 2 million jobs in the last 6 months and because unemployment dropped 0.1%, which […]

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Risk is Relative

Even after the recent market turmoil it appears investors still have an appetite for risk. Whether the risk taking is misguided is debatable, but the reality is if investors are more informed about the inherent risk they may be more comfortable taking risk. Though there still seems to be more questions than answers for investors […]

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