News & commentary on Gold futures and Metal Futures markets including gold, silver, high grade copper, platinum & more.
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Gold Futures Update is a blog dedicated to bringing updates, news and commentary on gold futures and metal futures markets including gold, silver, high grade copper, platinum and more.
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Futures, options and forex trading is speculative in nature and involves substantial risk of loss. These recommendations are a solicitation for entering into derivatives transactions. All known news and events have already been factored into the price of the underlying derivatives discussed. From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives.
Posted on 1/29/2015 1:40:52 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.
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Posted on 1/21/2015 12:38:19 PM by: Matt McKinney, Market Strategist @ Zaner. 312-277-0115.
TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.
Options play: Gold goes parabolic
After going on a complete tear higher, Comex gold settles down a bit.
Fundamentally, after rallying to high for this move today (1-21-15, 11:07 am) at about $1307/ounce the market seems to be very oversold to me. Although we haven't taken out the previous high of about $1347/ounce back in the week of July 11th earlier this year. Some experts are saying this is just your "run of the mill" rally that can occur at the start of the year. Personally, I believe with what happened to the Swiss Franc as it made about a 30 thousand dollar move in one day in the futures market, some recent choppy trading in the equity markets, and crude prices that have nosed dived maybe this rally in gold could be much more. We'll have to what and see.
Technically, I have added my favorite technical indicators to the gold chart below. They are the 9 (red line), 20 (green line), and the 50 (blue line) period simple moving averages or SMA's. I have also added Bollinger Bands or BB's (the light blue shaded area) and Candlesticks (the red and green bars). On the daily chart below each bar or Candlestick represents one day of trading. These few technical indicators tell me 6-12 different characteristics about the market at a quick glance. I have them saved on my charts in MARKETHEAD so they can populate any chart, any market, and any time frame at the click of a mouse.
MOVING AVERAGE FORMULAS AND STRATEGY GUIDE:
Also from a technical standpoint this is a big bullish breakout on both charts in my view. We also have what I have coined a "SUPER-TREND" up on both charts. In order to achieve this what we need to have happen first is a cross of the 9 period SMA (red line) up and over the 20 period SMA (green line) as both indicators point higher on a fairly sharp angle while the market itself trades above the 9. Now we have the 9 period SMA as our first area of support, then the 20, and on the daily chart the 50.
On the daily chart below I also want to point out that what I like to pay attention to on the Bollinger Bands is not the light blue shaded area itself, but where the light blue area starts at the bottom and then where it ends at the top. So I have four out of five of my indicators pointing up and they are the 50 day, the 20 day, the 9 day, and the top line of the BB's. That is extremely bullish to me especially when the market is trading not only above the 9 day, but also above the top line of the BB's. This could also indicate an overbought environment in corn. However, even though the market could be do for a correction back to the 9 day SMA or so, markets can remain overbought for long periods of time. At rate I expect higher prices.
I figured this out by pulling up and studying a daily and weekly chart with my indicators by the click of a mouse which I found at: http://www.markethead.com/2.0/free_trial.asp?ap=mmckinne , which is a web application that we have developed for our clients called MARKETHEAD where I get about 80-85% of all my research from. That means I get both technical and fundamental research from this web app and I am a veteran series 3 Broker of 15 years. So if I'm using it then maybe my reader's should check it out. Yes?
March daily gold chart
Super Trend Simple Moving Average Report:
Some good plays I think could be to buy calls or bull call spreads with a put for a hedge or "insurance" in case the trend changes to down dramatically. I would recommend this in a 3 to 1 ratio as always. Calls or bull call spreads have a limited risk and unlimited profit potential.
For exact details on strategies, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or firstname.lastname@example.org .
It is also important to note that I am not married to a market, but to trends. So I make recommendations with options on futures and commodities like the energies, metals, currencies, softs, financials, and more. So whether you are a hedger or a speculator I believe I can help by putting together strategies and recommendations present them to you, then as always leave the final decision in your hands. We work as a team. Also recommending when to get in and when to get out while watching the trade every step of the way as I keep you updated personally. May all the best trades be yours and mine.
25 Option Strategies: http://www.zaner.com/offers/?page=11&ap=mmckinne
FREE QUOTE- "Diamonds are made under pressure." -Peter Marshall
FUTURES, OPTIONS AND FOREX TRADING IS SPECULATIVE IN NATURE AND INVOLVES SUBSTANTIAL RISK OF LOSS. THESE RECOMMENDATIONS ARE A SOLICITATION FOR ENTERING INTO DERIVATIVES TRANSACTIONS. ALL KNOWN NEWS AND EVENTS HAVE ALREADY BEEN FACTORED INTO THE PRICE OF THE UNDERLYING DERIVATIVES DISCUSSED. FROM TIME TO TIME PERSONS AFFILIATED WITH ZANER, OR ITS ASSOCIATED COMPANIES, MAY HAVE POSITIONS IN RECOMMENDED AND OTHER DERIVATIVES.
FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN
Posted on 1/21/2015 6:42:56 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Lower closes for copper, silver, gold and platinum. Copper, silver and platinum remain trending lower in a nice orderly fashion over the long run. Good resistance remains all the way up overhead. Gold, although in a long term downtrend also has been moving higher since early November and hurt less than the other metals by today's action. Of course, it remains to be seen what happens from here in the short term. SELL SIGNALS FOR COPPER, SILVER, GOLD AND PLATINUM. CALL FOR DETAILS!
Posted on 1/21/2015 6:36:45 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Posted on 12/22/2014 5:38:10 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Posted on 12/18/2014 7:21:00 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.
Markets: Metals, CME Group (CME), New York Mercantile Exchange (NYMEX), Gold (GC, EGC), Silver (SI, SLV), High Grade Copper (HG), Platinum (PL, PTM), Palladium (PA).
Futures, options and off-exchange retail foreign currency ("forex") trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed. Past performance is not necessarily indicative of future results.