Today’s Gold Settles $5.60 Lower… ($1092.50) For the second straight trading session Gold prices fell off rumors of a weak Japanese fiscal outlook. The U.S Dollar traded a two month high versus the Yen lessening the appeal for Gold as a hedge against the Dollar. There was also good news from the Chicago region as […]
Archive | December, 2009
Treasuries in Freefall in Light Volume
A resilient stock market, a stronger dollar and decent economic data has put pressure on bond and notes. In this newsletter we have mentioned seasonal strength and vowed to be bulls on dips but we have to admit that we were a little surprised by the strength of the selling pressure. However, we acknowledge that […]
Christmas Eve Rally
This has been a very interesting week in the precious metals markets. Monday and Tuesday we experienced the continued U.S Dollar strength as we watched the Gold (Comex) trade as low as$1075.20 (12/22) and looking as if it would continue to drop like a stone. The U.S Dollar has been stellar since the December 4th’s […]
Commodity Trading School Futures Market Summary
SUMMARY OF UPCOMING DATA 12/22/09 8:30 AM US PERSONAL INCOME (0.5%) 9:55 AM US CONSUMER SENTIMENT (73.5) 10:00 AM US NEW HOME SALES (440K) 10:30 AM EIA PETROLEUM INVENTORY REPORT. 11:00 AM US 2, 5, 7 YEAR NOTE ANNOUCEMENTS DATA RESULTS 12/21/09 US GDP-FINAL 3RD QUARTER (2.2%/2.7%) US EXISTING HOME SALES (6.54 M/6.25 M) FHFA […]
China Secures Gas Supply From Turkmenistan: Who’s the True Winner?
On December 14, 2009, an inauguration took place that deserves more attention than it received because it marks an economic power shift to the benefit of three Central Asian countries and China and to the detriment of Russia. The presidents of China – Hu Jintao, Turkmenistan – Gurlanguly Berdymukhamedov, Kazakhstan – Nursultan Nazarbayev, and Uzbekistan […]
Golden Roller-Coaster
The precious metals have experienced a roller-coaster ride encompassing huge volatile swings and technical breakouts. The volatility has remained high however, the volume is decreasing as many Gold bugs have packed it in for the year. The economic news for the week has favored the U.S Dollar and boosting it to three month high’s. Despite […]
March Corn Futures Trapped in Choppy Trading Range
March corn futures at the Chicago Board of Trade are presently trapped right in the middle of a 2.5-month-old trading range at higher levels on the daily bar chart. That trading range is bound by strong overhead technical resistance at the November high of $4.25 a bushel and by strong technical support at the November […]
Major Powers Follow Different Paths to Same Energy Security End Game
China’s completion of an historic natural gas pipeline with Kazakhstan bypassing Russia this week tightens the Asian behemoth’s grip on energy resources needed to fuel a burgeoning economy, a desire also forcing it on a quest for oil and gas wealth in other corners of the globe. China is not alone in this scramble for […]
Dollar Rallies Alongside Commodities
After 8 days of selling Crude is now oversold with the daily stochastic at 10 & 15 in the January contract. Clients have been advised to buy March $5 call spreads as we expect a $5 move higher in the coming weeks. Natural gas is too volatile for our liking currently. We will be looking […]
Commodity Trading School Futures Market Summary
SUMMARY OF UPCOMING DATA 12/11/09 8:30 am US RETAIL SALES (0.9%), EX AUTOS (0.5%) US IMPORT/EXPORT PRICES 9:55 AM US CONSUMER SENTIMENT (68.2) 10:00 AM US BUSINESS INVENTORIES (-0.2) DATA RESULTS 12/10/09 US INTERNATIONAL TRADE (-32.9 B VS.-$36.4 B) WEEKLY JOBLESS CLAIMS (474 K VS. 460 K) EIA INVENTORY # NAT GAS. (-64 BCF) US […]