CFTC Silver Probe: See-no-Evil, Hear-no-Evil, Speak-no-Evil
When the world’s largest commodity futures “regulator” releases the results of a five-year probe; one expects to see a detailed, thorough, and well-reasoned analysis. What we see instead is a pathetic exercise in pseudo-logic – which could have been written in its entirety in a single afternoon. “Shallow” cannot begin to describe the lack of depth in this probe.
Bearish Investor Sentiment: A Contrarian Buy Signal?
The fact that Apple (Nasdaq: AAPL) – the largest market-cap stock in the universe — could miss earnings and yet stocks were able to shrug it off and rally huge today speaks volumes about the underlying strength in the market. When all the bears have left the building, only bulls are left.
Crude Oil and Gold Continue Strong Down Trend, Natural Gas Enjoys the Stronger Dollar
Crude oil closed down $1.70 a barrel at $93.08 today. Prices closed near the session low today and hit a fresh 6 1/2 month low. The bears have the solid overall near term technical advantage and gained still more power today. A stronger U.S. dollar index today was bearish for the crude market. With a Trade......
Will The Dollar Ruin The Santa Claus Rally in the S&P 500?
EUR USD Breaks to New High, Bulls Stacking their Positions Already
EUR USD breaks above the 1.4280 major resistance line and reached the 1.4315 high so far. Intraday bias remains on the upside, as long as the 1.4020 minor support line is not broken. On the upside, since the 1.4280 major resistance line has been broken it indicates that bullish sentiment is strong and will target the 1.4577 major resistance line next.
Exclusive Forecast for the GBP USD – Bulls Not Out Yet !
This week the GBP USD has been the most volatile currency pair out of the majors. We saw the GBP USD break above the 1.6342 minor resistance line and hit the 1.6400 high. The currency pair ended the week on a 3 days downtrend and on Friday it hit the 1.6005 low. The currency pair retracing back from hitting the high is a natural phenomena that occurs in currency trading.
Inventories and Threats of Chinese Tightening Give Commodity Bears The Advantage
Crude oil inventories spiked for a 2nd consecutive week, while on hand crude dropped in 3 out of 5 PAD districts the big gains in the Gulf Coast region created the net gain. Gasoline demand even fell for a 3rd consecutive week as gasoline inventories also made considerable gains. And oil prices showed the effects on Thursday touching a two week low of $88.00.
Is The Gold Run Over.....Here's How we are Going to Play Gold This Week?
The markets and gold in particular have kept traders on their toes this week. Gold is looking to find support levels while the SP500 continues to push its way higher. Let’s take a look at the charts and our current analysis to get better feel for what is happening with gold and the SP500.
Gold 4 Hour Chart
Commodity, Equity Bulls Pare Positions ahead of Friday’s Non-Farm Payrolls Report
Commodity and equity traders pared long positions on Thursday ahead of Friday’s U.S. Non-Farm Payrolls Report. Traders appeared to be taking no chances that the report will come out better than expected, leading perhaps to the Fed cutting back on the amount of quantitative easing it is currently considering.