$GLD 1318 - 1328 short stops @ 1338 (book loss level 4my pos) target 1292 - 1268 below its 1172 - 1168 reversal target 1362 - 1372
Friday, February 14, 2014
Thursday, February 13, 2014
MCX Natural Gas Update : 13 Feb 2014
Best Buy 308 - 310.70 above 313.40 targets capped @ 319 - 322 stops 305
Daily Trend - Indicators taking support - Possible Bullish Reversal
Wednesday, February 12, 2014
Gold May crack to 1212 - 1172 , Silver 18.20 - 17.70 , Crude Oil - 90.82 - 89.96 , SP500 1718 - 1712 Ahead - 12 Feb 2014
Resistance 1287.50 - 1296 - Above that confirms 1361 - 1369 may be 1472 also - In the early week of Feb GLD's violation of 1250 vs low @ 1240.6 makes me skeptical about the bulls.. Even Silver was not able to hold itself or trade above 20.30 though Gold made a 3months High.
The Chinese will be back on 15th Feb after the holidays, as we all know china is the big boy of Gold reserves - The fed will manipulate gold prices before the Chinese are back else DXY will be beaten to death - and that's a bad bad overall for the Fed..
Natural course / fundamentals indicates dollar south Gold, Silver north
But as of Now Gold has already started showing weakness - she isn't energetic- some of hedge funds closed gold shorts above 1272 - But once again, I noticed Unusual volume selling came @ 1288 - 1292 based on Tape Reading insist me to think about Gold Bulls In a False Pattern..
As per (07 Feb 2014) Alert ES_F has Filled the Gap 1803 - 1816 while 1718 Gap filling imminent the high probable scenario is SPX will drop from 1816 to Fill 1718 - 1712.. While this has been the case most of us know that Crude & SPX trades proportionally in times & this may be one of such tape or Trading Pattern if we see the previous weeks price action
Crude Oil Yesterdays daily trend indicated evening star formation - 100.82 Being the Resistance oil prices are vulnerable to 93 - 90.8 2- 89.96 however above 100.88 its 101.76 - 102.70
Gold trading @ 1291.60
Silver @ 20.29
Wtic @ 100.58
SPX - 1813
SPX - 1813
Monday, February 10, 2014
Apologize
I Apologize all traders / members for the delay in updating gold silver oil this week's strategy - As i was occupied with personal work and now back to the terminal.. However Price Action - Charts - Reversal pivots study has already been done - and will update in 5 mins..
Saturday, February 8, 2014
A slowdown in central bank buying is clearly bearish for gold.
A slowdown in central bank buying is clearly bearish for gold.
The relationship between monetary policy and gold is rather subtle.
In my opinion If we start to see inflation, but the Fed takes no action, that may be strong for the gold price since the Fed will be behind the curve. On the other hand, if the Fed takes early action and decides to move before inflation, they will be ahead of the curve and that is not good for gold. There is a much higher chance the Fed will be behind inflation, but that inflation may not occur until 2015.
Gold Stalls Yet Again @ 1272 - Market Manipulations Become More Extreme, More Desperate
In two recent articles we explained the hows and whys of gold price manipulation. The manipulations are becoming more and more blatant. On February 6 the prices of gold and stock market futures were simultaneously manipulated.
On several recent occasions gold has attempted to push through the $1,270 per ounce price. If the gold price rises beyond this level, it would trigger a flood of short-covering by the hedge funds who are “piggybacking” on the bullion banks’ manipulation of gold. The purchases by the hedge funds in order to cover their short positions would drive the gold price higher. Else We shall Fill 1172 and only then we go above 1272
With pressure being exerted by tight supplies of physical gold bars available for delivery to China, the Fed is growing more desperate to keep a lid on the price of gold. The recent large decline in the stock market threatened the Fed’s policy of taking pressure off the dollar by cutting back bond purchases and reducing the amount of debt monetization.
Thursday, February 6, provided a clear picture of how the Fed protects its policy by manipulating the gold and stock markets. Gold started to move higher the night before as the Asian markets opened for trading. Gold rose steadily from $1254 up to a high of $1267 per ounce right after the Comex opened. The spike up at the open of the Comex reflected a rush of short-covering, and the stock market futures looked like they were about to turn negative on the day. However, here’s what happened with Comex futures and S&P 500 stock futures.
At 8:50 a.m. NY time 3,225 contracts hit the Comex floor. During the course of the previous 14 hours and 50 minutes of trading, about 76,000 total April contracts had traded (Globex computer system + Comex floor), less than an average of 85 contracts per minute. The 3,225 futures contracts sold in one minute caused a $15 dollar decline in the price of gold. At the same time, the stock market futures mysteriously spiked higher.
As you can see from the graphs, gold was forced lower while the stock market futures were forced higher. There was no apparent news or market events that would have triggered this type of reaction in either the gold or stock market. If anything, the trade deficit report, which showed a higher than expected trade deficit for December, should have been mildly bullish for gold and bearish for the stock market. Furthermore, at the same time that gold was being forced lower on the Comex, the U.S. Dollar index experienced a sharp drop in price and traded below the 81 level of trendyaa support. The fall in the dollar is normally bullish for gold.
The economy is getting weaker. Fed policy is obviously failing despite recent official pronouncements that the economy is improving and that Bernanke’s monetary policies succeeded. The positive impact of the Federal Reserve’s policy of QE is so slight as to be insignificant.
The renewal of the battle over the debt ceiling limit is bullish for gold and bearish for stocks. However, with the ongoing manipulation of the gold price and stock averages via gold and stock market futures, the normal workings of markets that establish true values are disrupted.
A rising problem for the manipulators is that the West is running low on gold available for delivery to China and other Asian buyers. In January China took delivery of a record amount of gold. China has been closed since last Friday in observance of the Chinese New Year. As China resumes purchases, default on delivery moves closer.
One way for the Fed and bullion banks to hold off defaulting on Chinese purchases is to coerce holders of gold futures contracts to settle in cash, not in delivery of gold, by driving down the price during heavy Comex delivery periods.
This is what likely occurred on Feb. 6 in addition to the Fed’s routine price maintenance of gold.
As of Thurday’s (Feb. 6) Comex report for Wednesday’s (Feb. 5) Close, there were about 616,000 ounces of gold available to be delivered from Comex vaults for February contracts totaling slightly more than 400,000 ounces, of which delivery notices for 100,000 ounces were given last Wednesday night. If the holders of the other 300,000 contracts opt to take delivery instead of cash settlement, February contracts would absorb two-thirds of Comex gold available for delivery.
The Comex gold inventory has been a big source of gold shipments from the West to the East, resulting in a decline of the Comex gold inventory by over 4 million ounces–113 tonnes–during the course of 2013. We know from reports from Swiss bar refiners that the 100 ounce Comex gold bars are being received by these refiners and recast into the kilo bars that the Chinese prefer and shipped to Hong Kong. With the amount of physical gold in Comex vaults rapidly being removed, the Fed/bullion banks use market ambush tactics such as those we describe above to augment and conserve the supply of gold available for delivery.
QE helps the big banks, and manipulation of the gold price downward protects the US dollar from its dilution by QE.
Friday, February 7, 2014
CrudeOil Update
$CL_F Remains a sell @ as far 98.68 Resistance is Respected Target 95.30 - 94.80 - 93.60 - 93.30 active - above 98.92 upside tgt 99.80/100.40
Bearish
XAUUSD - XAGUSD - GLD - SLV Breaking - 07 Feb 2014
GOLD Retreats from Days High 1272 - Now @ 1260 - heading towards Trendyaa Target 1212 - 1172!!
SILVER Cracks Trendyaa Support 19.78 - Heading towards target 18.60 - 18.30
Gold - Silver - ES_F End of the week session Trading Update - 07 Feb 2014
Gold
Best Buy & support Holds @ 1253 Actual Resistance & best short level 1261.30 a break above 1269.80 upside capped @ 1282 - 1288 - 1295 below 1244.70 its 1228 - 1220
I expect the Prices to Test 1244 - 1232 for now
Positional target 1212 - 1204 is active for now, violation of that will give us 1174 - 1168 - 1162
Now @ 1259.80
Silver
Resistance & Best Sell 20 - 20.22 below 19.78 target 18.60 - 18.34 Intact
Above 20.28 Upside is @ 20.70 - 20.96
Now @ 19.80
ES_F
1752 - 1764 is the support for now - above 1776 likely to fill the gap 1803 above that its 1816 however below 1740 its 1718 - 1712 Break Down Level 1696 Target 1646/1618
I have advised my clients to close some @ 1752 - 1740 or hedge some positions above 1777 to 1803 & Add more sell positions @ 1803 - 1816 target 1718
Now @ 1771
Trendya - EURUSD / USDJPY End of the Week session Exit Strategies - 07 Feb 2014
EURUSD
Support @ 1.3565 Below that Target Intact @ 1.3424 - 1.3418 - 1.3390
Now @ 1.3575
Above 1.3624 upside @ 1.3672 - 1.3706
USDJPY
Weekly Support & Best Buy remains @ 101 however, for todays strategy lets keep 101.78 as support & target 103.05 / 103.45 Below 100.70 target 100.12/99.72
Now @ 102.02
Targets Above 103.45 is also active - Risk Appetite traders can Hold Positions tgt - PM
Apple Inc - 07 Feb 2014
Daily Trend Indicates Bullish. Sup @ 510-511.30 above 512.6 upside target @ 515.6/517/518.8 But I reckon Sell On The Rise as Weekly Firm Bearish
Strategy
Sell on Rise above 512.60 - 518 target 503 - 499 - 490 - 486 - 472 Ultimate 458 for now..
Stops above 526
Now @ 512.3
Amazon.com Inc.
$AMZN Is a sell b/w 352 - 357 Average if get 368 - 372 positional target 328.8 - 324 - 307
Stops above 376
Bearish
Now @ 354.6
ABB Ltd. Industrial Electrical Equipment - Nyse
$ABB Sell b/w 25 - 25.22 Momentum/positional Target 24.56 - 23.95 - 23.75 stops above 25.65 as Monthly & Weekly technicals Suggests Firm Bearish Trend in play.
Bearish
Now @ 25.03
Thursday, February 6, 2014
SRPT Momentum call
$SRPT sell b/w 24.60 - 25.20 target 24 - 23.40
Stops above 26.10 Reversal target 27.10 - 27.85
Bearish
MCX Nat Gas Trendyaa Multi Bagger / Intraday / Momentum / Positional Call - 06 Feb 2014
Natural Gas
Best Buy & Strong Support b/w 290 - 321 Target @ 393 / 458 / 519.80
Stops @ 260 - Below 260 reversal target 199
Now @ 326.2
Intraday/Momentum/Positional Call
Best Buy 321.85 - 324 target 332.80 - 335 - 350 - 393
Stops below 315.2
Now @ 323.80
Natural Gas / NG_F - Trendyaa Multi Bagger Call - 06 Feb 2014
$NG_F Best Buy & Supp 5.030 - 4.909 positional target 6.05 - 9.18- 12.36 - 18.20
SUPER BULLISH
Now trading @ 5.221
MCX Crude Oil Positional Call - 06 Feb 2014
Best Sell 6118 target 5986 - 5856 - 5428
Stops above or @ 6210
Reversal only above 6242 targeting 6410
Now @ 6092
Wednesday, February 5, 2014
Tuesday, February 4, 2014
iShares Silver Trust / SLV - ETF
$SLV sells b/w 18.72 - 19 average if get 19.28 stops above 19.76 target 17.86/17.50
Bearish
Now @ 18.62
EURUSD Momentum Call - 04 Feb 2014
Sell EURUSD @ 1.3518 targets 1.3418/1.3390 stops 1.3562
Ltp - 1.3517
The Dollar Index & Gold Tape - 04 Feb 2014
Though Dollar Index is trading in Negative territory - GLD is also following through.. When it's like that.. Will Gold make a NOSE DIVE once DXY starts moving up north as technically its Bullish??
Now @ 1256 / 81.14
Ding Ding Ding S&P500 / ES_F / SPX 3rd Target Hit @ 1738 days low 1738.15 now @ 1742.65 Next target Active @ 1718
Sell Initiated @ 1846 target 1808 - 1746 - 1738 - 1718
Monday, February 3, 2014
COFFEE BULLS RELENTLESS
$KC_F Resistance for the day @ 135.60 above 137 target 142..Support 4now 124 below that its 120 - 116 target 167/178 Super Bullish
ES_F/ SPX Update - 03 Feb 2014
Fresh Resistance & Best Short level 1760 - 1768 target 1738 - 1718 Avg or stops @ 1776
Bearish
Now @ 1750
AAPL / AMZN / TWTR Update - 03 Feb 2014
Resistance & Best Short Level 504 target "472" stops @ or above 508 Reversal 518.80 Again a Sell for the same targets
Bearish
Bingo sell call @ 396 Target Hit @ 348.. Now watch for "307"
Bearish
Once Again following the Ditto Tape Initiated.. Alert initiated to SELL b/w 66 - 66.80 Day High 66.15 Nw trading @ 65.38 target Active @ 61
Bearish
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