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 August contract are trading below their 20 and 100 day moving average settling last week at 1,163 while currently trading at 1,160 down slightly and traded as low as 1,146 in Wednesdays trade hitting a three month low as I’ve been recommending a short position and if you took that trade place your stop loss above the 10 day high which currently stands at 1,188 risking around $28 or $1,000 per mini contract plus slippage and commission. Continue reading "Weekly Futures Recap With Mike Seery"


