Category: General

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract is currently trading lower by $10 at 1,282 an ounce as prices have been stuck between 1,290 / 1,300 over the last two weeks due to extremely low volatility. I have been recommending a bullish position from around the 1,252 level and if you are involved in that trade continue to place the stop loss under the 10-day low standing at 1,278 as the chart structure is excellent, but for the bullish momentum to continue prices have to break the January 4th high of 1,300. I'm also recommending bullish positions in silver and platinum as palladium has exploded to the upside once again today hitting another all-time high and that indeed is the leader out of this complex. I'm hoping that will start to bleed into the other precious metals. Gold prices are still trading above their 20 and 100-day moving average as the trend is higher, and I still think a breakout above 1,300 is looming so continue to play this to the upside. I will be possibly looking to add more contracts if that situation occurs as the risk/reward would still be in your favor
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract is currently trading at 1,290 an ounce after settling last Friday in New York at 1,285 up about $5 for the trading week still unable to crack the critical 1,300 level on a closing basis. Gold prices are trading above their 20 and 100-day moving average as the trend remains to the upside. I've been recommending a bullish position from around the 1,252 level and if you took that trade place the stop loss under the 10-day low which now stands at 1,276 as the chart structure is outstanding due to the low volatility. The U.S. dollar hit a TWO month low in this week's trade as that has been supportive gold prices, but for the bullish momentum to continue we have to break the January 4th high of 1,300, and then I think prices could run up to the 1,350 level as there is still strong demand for this commodity at the current time. The Federal Reserve looks like it will pause raising interest rates as that is also a fundamental bullish factor towards gold as I'm also recommending bullish positions in silver and platinum so stay long and continue to place the proper stop loss.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Amigos 1 & 2 Arrive, #3 Is Still Out There

Posted on by The INO.com Team

The 3 Amigos were a blogger’s way of not boring himself to death while fleshing out important macro indicators month after month.

Amigo #1 (SPX/Gold ratio) got home and dropped from target. What’s more, it has taken back the ratio’s equivalent of the entire Trump rally and that is an eventuality we are very open to on nominal SPX as well.

The gaps are interesting and among several possibilities for 2019 we could see fear, loathing and a fill of the lower gap (a greed gap of sorts) prior to a filling of the upper gap, which could blow out the stock bull in manic fashion one day. Relax, it’s just one of several possible roadmaps. For now, we simply state that SPX/Gold reached a very viable target and dutifully dropped with the market stress.

Yield

Amigo #2 (30yr Treasury yield AKA the Continuum) got the bond bears on the wrong side of the boat and kept them there for a couple of months before the big reversal (back below the monthly EMA 100) that came along with the risk ‘off’ rush amid Q4 2018’s market stress. Continue reading "Amigos 1 & 2 Arrive, #3 Is Still Out There" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract settled last Friday in New York at 1,283 an ounce while currently trading at 1,286 up slightly for the week, but ending on a sour note. The monthly employment report was released this morning showing that we added over 300,000 new jobs which were higher than expectations. That shows you how strong the U.S. economy is at this time despite the fact of huge volatility in the stock market as that sent gold down about $8 which isn't too bad in my opinion as I remain bullish. I have been recommending a bullish trade from the 1,252 level land if you took that trade place the stop loss under the ten-day low which now has been raised to 1,257 as the chart structure will improve on a daily basis starting next week. Gold prices touched the 1,300 level as I still think we can get up to 1,350 in the coming weeks ahead as strong demand has come back into the precious metals as I am currently recommending bullish positions in silver and platinum. Gold futures are trading far above their 20 and 100-day moving average as clearly the trend has turned higher so continue to play this to the upside and if you're not involved, wait for some further price pullback to enter into a bullish position
TREND: HIGHER
CHART STRUCTURE: IMPROVING
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

The Men Who Stare At Charts

Posted on by The INO.com Team

gold/silver ratioI was going to look around to see if I could find a media article out there (complete with a TA trying to sound really important) that would be appropriate to be made fun of in our little Men Who Stare at Charts series. But then I decided to create my own chart, stare at it a little, post it and talk about it (hopefully not too self-importantly).

Introducing an all too busy long-term (monthly) view of the Gold/Silver ratio, along with some key nominal markets.

The Continuum in the lower panel symbolizes the deflationary backbone that has been in place for decades. I maintain that this is a firm marker against which the Fed inflates money supplies, manipulates bonds and by extension manipulates inflation signals. We have been on a theme that like Jerome Powell or hate him, he knows exactly what he is doing because to do otherwise (promote ongoing bubbles on top of bubbles) would, in essence, end the Fed’s racket, as symbolized by a real breakout in long-term yields. Continue reading "The Men Who Stare At Charts" →