Archive | December, 2010

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Night and day Treasury auction results

After a disappointing showing at yesterday’s 5-year note auction, investors had their wallets open for today’s $29 billion issuance of 7-year notes. The auction drew a yield of 2.83% (a bit lower than expected), with a bid to cover of 2.86 and a 64.2% participation rate by indirect bidders. This was the highest demand seen […]

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Commodity Roundup – Markets on your Radar

MB Wealth Corp. is not responsible and does not endorse anything outside of the content of this article authored by Matthew Bradbard President of MB Wealth. As most followers recognize, I break the commodity markets into seven sectors: financials which include the indices and debt markets, energies, currencies, livestock, metals, grains and finally the softs. […]

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Gold Backs Off High, But Overall Uptrend Remains in Place

February Comex gold futures prices have backed down from the early-December all-time record high of $1,432.50 an ounce. Profit- taking and position-evening as the year winds down and as the holidays approach has put some downside price pressure on the precious yellow metal, as prices have been trending lower for the past two weeks. However, […]

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When will it end?

We had expected trading to slow down by this time but the volumes are still there and we’re seeing plenty of tradable action. $87.50-88 has served as major support in February Crude for the last week and that continued in today’s session. We’re starting to think we may not get a break lower, on a […]

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Weekly Gold Report

Image via Wikipedia Another Choppy Week – GOLD CLOSES $8.20 HIGHER..($1379.20) This week February Globex Gold covered a very volatile $47.30 range as traders prepare for the upcoming Holidays. The Gold market has run into strong technical resistance up at the $1400.00 level and this coupled with some year end profit taking has halted this […]

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Day Trading: Risk Averse need not Apply

Traders are often lured to into the futures markets with a fascination for day trading. The thought of trading leveraged contracts without overnight risk is appealing to many, but underestimated by most. As a retail broker I have had the pleasure, and the pain, of watching day traders attempt to profit through strategies ranging from […]

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Avoiding Margin Calls

Image via Wikipedia MB Wealth Corp. is not responsible and does not endorse anything outside of the content of this article authored by Matthew Bradbard; President of MB Wealth. In the current Wild West trading environment, where 5% price swings have become commonplace, avoiding margin calls is a bigger challenge now than what I’ve ever […]

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Cotton Market Bulls Making Another Charge

ICE Futures U.S. cotton for March delivery on Tuesday gapped higher on the daily bar chart and hit a fresh four-week high of $1.4597 a pound as of this writing. The bulls are making a strong run at the all-time record high of $1.5195, scored on November 10. March cotton futures prices are in a […]

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Option Queen Letter

Deck the Halls and all that jazz. Enjoy this holiday season and remember, this is the most peaceful time of the year. After January’s rally, head for the hills as trouble will find its way back into the spotlight. What do we mean by trouble? We are speaking of the unrest, and anger that is […]

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Week in Review for Precious Metals

Another Wild Week !!! Gold Settles $7.90 Lower …Ending The Week At…($1384.90) The precious metals tumbled early after reports that The Central Bank of China did indeed raise the banks’ reserve requirement by .50 basis points effective December 20th … Most analysts predicted this hike was coming as the the basket of commodities in China […]

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