Guest Commentary: Gold & Silver Daily Outlook 05.10.2012
Gold and silver continued their descent during yesterday. As a result of yesterday’s fall gold price reached its lowest level since December 2011l
Archive for the Category ‘Commodities’
AUDUSD Returns to Sunday Open; Resistance Extends to 10165
Work down from larger degrees of trend. Markets (crude, copper, equities especially small caps, and commodity FX) are on the way down after forming multiyear topping patterns.
Guest Commentary: Gold & Silver Daily Outlook 05.09.2012
Gold and silver tumbled down during yesterday’s trading.
Commodities Sold Amid Greece-Fueled Risk Aversion
Commodities are under fire once again as Greece-linked risk aversion rages on across financial markets.
Crude Oil Tumbles Could Force US Dollar to Surge vs. Canadian Dollar
Crude Oil Tumbles Could Force US Dollar to Surge vs. Canadian Dollar
NZDUSD Tests December Resistance as Support
Given the potential for an extended decline in everything (crude, copper, equities), I favor trading the AUDUSD and NZDUSD. There will be sharp short covering rallies along the way (NZDUSD at support now) thus aggressive traders may wish to trade from both the long and short side.
Guest Commentary: Gold & Silver Daily Outlook 05.08.2012
Gold and silver resumed their downward trend on Monday as they have declined in the past five out of sic business days. The results in the French and Greek elections may have had a slight negative effect on the Euro, which in turn may have also adversely affected commodities prices.
Guest Commentary: Gold & Silver Weekly Outlook for May 7- 11
Last week gold and silver slightly decreased despite their modest come back on Friday following another disappointing U.S employment report . The most recent news is coming from France in which Hollande won Sarkozy in the elections.
Oil Sold, Gold Finds Support as Euro Crisis Fears Return in Force
Crude oil and copper followed stocks lower but precious metals found modest support as French and Greek election outcomes sparked Euro crisis fears.
Stocks Realizing What the Currency and Crude Markets Did Months Ago
Traders and reporters are buzzing about the crude oil collapse. Since crude has been leading equities, don’t expect equities to hold their lows. The early week plan is to short a small AUDUSD bounce
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Gold trading prices Technical postures remains tilted in favor of the bears
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Gold trading Tips Price takes support at 62 percent retracement and rallies
