Monthly Archives: December 2009

New Highs Followed by Profit Taking in Gold and Stocks

The Dow futures finally got the 10505 print out. When we couldn’t explode higher above that round number, that was the first sign that the

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Gold and Silver Highs, Quiet Range Trade Elsewhere

Gold posted a high at 1217.30 and Silver left a high print at 19355. Other than that, the markets were a sideways chop last night.

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Gold and Silver Trek Higher Overnight

US Stock indexes remain sleepy at 1230CST. I always look at markets before I go to bed, and tonight, the only stand out feature is

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Use of Stops in the age of computer worms

You have to use stops to limit your risk. However, beware there are trading robot-worms, what ever you want to call it, which seek out

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Gold and Silver Post New All Time Highs and High Settlements

Gold traded to a record high today at 1202.7 and a record high settlement at 1196.50
Ditto for silver, as we had a high print

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Key Reversals in the Grains

All of the grains made new highs today, and the in the last 5 minutes of trading gave up all of the earlier gains and

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Dow Futures Close in on 10,500, Gold Breaks 1200 and Silver Breaks 19 Dollars an ounce

Today the computers say “Buy, Buy Buy” Get in there and turn those machines back on. Where’s Beeks”. Gold breaches 1200 an ounce, Silver Breaches

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Gold misses 1200 by One Dollar (So Far)

Overnight, Asian and European traders apparently reversed out of any short positions they still held, after betting on new lows in the immediate flurry of

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Support Resistance Areas and Some interesting Chart Pictures

Tonight I thought I’d do a re-cap of technical support/resistance areas I like in the Grain Complex. Specifically soy beans, corn and wheat futures.You should

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