Sign inRecent Commentaries tagged (gold)
Once Again Risk Aversion is Taking Center Stage
Once again risk aversion is taking center stage as traders are buying the Dollar and shedding higher risk currencies. The main concern driving the Dollar higher overnight is Greece’s ability to obtain financial aid. Traders are pricing in the strong possibility that Greece will not receive aid...
Jim Wyckoffs Morning Blog--Friday
Friday, March 19--Jim Wyckoff's Morning Web Log Note: I am out of the office today, and my friend and fellow Trader/analyst Ken Seehusen produced my morning report. Ken’s style is different than mine, but I think you’ll enjoy his work, too. Jim The STOCK INDEXES & MARKETS The June NASDAQ 100 was...
Chart Presentation: Following the Trend Lines
If we argue in favor of U.S. dollar strength we are, in fact, suggesting that other currencies will be weaker. In other words the dollar doesn’t have to be strong as long as the currencies that it is priced against are declining. March 18 (Bloomberg) — The euro weakened for a second day against...
Marc Faber: We have a new gold standard
The markets have created their own gold standard because of uncertainties regarding other asset classes, Marc Faber, author of The Gloom, Boom and Doom Report, told CNBC on Thursday. “I think we already now have a gold standard … created by the market place. We have the exchange traded funds...
The Trend Trader For Futures Trading on Friday, March 19, 2010
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling...
A Golden Swing
By: Marc Sperling I am buying some gold right here (through the GLDs) looking for an initial target in the $113 area. If it takes out the $113 area, there this precious metal could easiliy move up to $115.
Euro Weakens on Bearish Bailout Comments
The U.S. Dollar finished down against most major currencies. From the start it was under pressure as trader demand for risk pressured lower yielding currencies. The early morning weakness in the Dollar helped to drive up demand for high risk equities and commodities. Tuesday’s move by the Fed...
Metals Commentary
April gold futures closed up $1.70 at $1,124.20 Wednesday. Prices closed nearer the session low. A weaker U.S. dollar index and firmer crude oil prices supported buying interest in gold Wednesday. The gold market bulls this week have kept a six-week-old uptrend from the early-February lows in...
Jim Wyckoff's Morning Blog--Thursday
Thursday, March 18--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are a firmer U.S. dollar index and weaker crude oil prices. JIM'S MARKET THOUGHT OF THE DAY * U.S. Treasuries (T-Bonds and T-Notes) bulls this week...
Hedging against currency crisis with electronic gold
Back in January this year, we talked about protecting yourself against currency crisis in Protecting yourself against currency crisis. The basic idea of that article is that the time to prepare for...
The Trend Trader For Futures Trading on Thursday, March 18, 2010
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling...
Fed Concerned About Housing and Employer Reluctance to Increase Payroll
On Tuesday, the Federal Reserve left its benchmark interest rate unchanged and reiterated that interest rates would remain low for “an extended period”. In its statement, it also mentioned that inflation remains subdued, and that the weak employment situation seems to have stabilized. While...
Jim Wyckoff's Morning Blog--Wednesday
Wednesday, March 17--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are a weaker U.S. dollar index and higher crude oil prices. JIM'S MARKET THOUGHT OF THE DAY * The crude oil market bulls are regaining some fresh
Chart Presentation: Equities vs. Commodities
Feb. 4 (Bloomberg) — The California State Teachers’ Retirement System, the second-biggest U.S. public pension, is considering investments in commodities to boost returns and provide a hedge against inflation and slumping equities. Obviously the news snippet included above was from last month...
The Trend Trader For Futures Trading on Wednesday, March 17, 2010
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling...
