Uncategorized

CZ 13 has a Trend Line Above which should give a good selling opportunity.
The USDA on Monday will be followed on Oct 11th with a supply and demand report.

The last 2 numbers were bullish for grains, especially beans, but we have seen little follow through after the first 24 hours.

SX has been stuck between 13.00 and 14.00 for the last 4 weeks.

Wheat seems to be trying to display independent strength but will be looking at Monday’s report for confirmation.

Finally the corn: $5.00 corn has not […]

1) trade update. Still long 1 unit of gold futures w/ a stop below current levels.    We had taken some stop losses, but over a long weekend,  that’s something that must be done.

2) Looking at the Stock Indexes,  where is a good level to buy?  From the low tick at 14,651 on August 28th to the high tick last Thursday at 15,658, that was almost 1,000 pt rally in 16 trading days.    What happened since the market had time to digest ?  well  we fell almost 350 pts from that high to today’s low.    15,273 is a 38% retracement, while 14,150 is the 1/2 […]

For speculators:  Consider buying a mini December gold at 1334.  We’ve had a sharp sell off here,
From another new source: I am cutting and pasting b/c its faster and gives a better explanation.
The reasons why gold is going down today are partly related to some trading drama that occurred with gold yesterday…
The December contract, the most actively traded gold contract, quickly plunged to a four-week low, tumbling from roughly $1,350 to $1,344.50 in about one minute. Behind the drop was a large sell order in gold futures contracts that tripped a circuit breaker and shut down electronic trading for 20 seconds.

The Dow has now rallied 970 points in the last 12 trading days.  ON August 28th we were down at 4-month low 14,649.  As of this writing, Dec Dow is at 15,625.  Bon Appetite.

Its any ones guess where the high will be in the stock indexes in the wake of the Fed’s decision to keep Quantitative Easing Alive.  Every thing rallied across the board;  All except the US dollar, which broke sharply.

I see no reason to stand in front of this freight train in the stock indexes.  16,000 is the next milestone ahead for the Dow and 1750 in the SPY (cash S&;P).

[…]

The Dow has now rallied 970 points in the last 12 trading days.  ON August 28th we were down at 4-month low 14,649.  As of this writing, Dec Dow is at 15,625.  Bon Appetite.

Its any ones guess where the high will be in the stock indexes in the wake of the Fed’s decision to keep Quantitative Easing Alive.  Every thing rallied across the board;  All except the US dollar, which broke sharply.

I see no reason to stand in front of this freight train in the stock indexes.  16,000 is the next milestone ahead for the Dow and 1750 in the SPY (cash S&;P).

[…]

When Dec Gold broke through the trend line at 1353 last Thursday.  There really isn’t good support until 1275- 1280  which was the August 7th low.   The high on August 28th at 1434 was spurred by the fears of war in Syria.  People sold the Dow and bought gold in the fear/ war spread.  That has been unwinding over the past 3 weeks.  With today’s action, we are smack dab in the middle of the recent 2-month, $250.00 rally.   At 1308 we have come back $126 of that […]