Tag: gold futures

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (September 23rd through September 27th)

After the FED decided not to taper their Bond Purchase Program last week, global markets were given a nice boost, only to give most of the rally back by this morning. Now with only a few trading days left in the month, we will rely on a parade of FED Members that speak throughout the week to decide whether or not Wednesday was a one-day rally or not. We will also have to keep an eye on headlines as the debate in Washington continues, which threatens a government shutdown. Continue reading "Gold Chart of The Week" →

Weekly Futures Recap w/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 December contract had one of the most volatile and crazy trading weeks that I can remember finishing this Friday afternoon down $35 at 1,333 an ounce after settling last Friday at 1,308  rallying on the concept that the Federal Reserve will not taper bond purchases which sent many of the commodity markets sharply higher including gold on Wednesday afternoon, however reality has set in as Goldman Sachs came out stating that they believe the Federal Reserve will start tapering in December which put a lot of pressure on many commodities including the stock market today. I have been advising traders to sit on the sidelines in the gold market & I still think gold looks relatively weak closing right on session lows today as the bond purchasing in my opinion is overrated. The trend in gold is lower at this point but wait for better chart structure to develop before looking to enter into this market as volatility is too high. The U.S dollar hit an 8 month low which also propelled gold prices higher on Wednesday as the Federal government continues to try & support asset prices and it also continues to try to devalue the U.S dollar which is generally bullish commodity prices, however money seems to the flowing back into the S&P 500 as prices are hitting all-time highs while taking money out of gold market. TREND: LOWER –CHART STRUCTURE: POOR Continue reading "Weekly Futures Recap w/Mike Seery" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (September 16th through September 20th)

Out of the fifty-two weeks each year, this upcoming week is one that I personally look forward to the most. Since the financial crisis several years ago, this week has been a standout year after year. There are several reason for all the hype, which I will share in the next few paragraphs.

First and obviously most important is the fact that the September FOMC Policy Statement is shared on Wednesday afternoon. We will hear about the FED’s decision on Interest Rates and whether or not they plan to taper their Bond Purchase Program (QE) from 85 Billion, or if they feel it is necessary to stay the course. Without having the ability to sit in this important meeting, traders will either begin speculating on the outcome before Wednesday afternoon, or they will keep the proverbial powder dry until after the announcement is made. Either way, I expect steady volume to return to the markets leading up to, and after Wednesdays disclosure. Continue reading "Gold Chart of The Week" →

Weekly Futures Recap w/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.

Soybean Futures-- Soybean futures had a wild trading week ending lower by $.13 this Friday at 13.83 but having a very bullish USDA crop report despite the fact that we are going to have the 4th largest crop in U.S history, but the carryover level dropped from 220 bushels all way down to 150 million bushels which now means the carryover in soybeans is tight again which should keep prices high for quite some time. We thought the carryover number was going to be 295 million bushels earlier in the summer and that’s how much this figure has dropped and if you go into the next report with possibly an even lower crop than 3.14 billion bushels and a carryover of 100 million prices could really move to the upside in my opinion. The grain complex in general is still in a bearish trend except for soybeans as the spread price between corn and soybeans is right near record levels as there is still huge demand for soybeans and I wonder what the next crop report is going to say as this was a disappointing crop year in my opinion. This year’s crop is only 3% higher than last year’s drought stricken crop which is amazing in my opinion but we just had too many bad things happen this year with cool & wet weather and then hot & dry with a very sporadic weather pattern causing the poor crop this year as now we start to enter Brazil’s planting season which is expected to be another record crop. TREND: HIGHER –CHART STRUCTURE: IMPROVING Continue reading "Weekly Futures Recap w/Mike Seery" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report September 9th through September 13th

While the week ahead is light on economic data in the United States, the most important news that will affect global markets will still come out of the United States. Traders around the globe will look to trade any news from the White House on whether or not the US will go through with a strike on Syria.

After watching President Obama stumble through the G20 Summit last week, it will be interesting to see if the staff that writes the Presidents speeches can be convincing enough this week as Obama will look for support in the US. So far it appears that his only true International support is out of France where Socialist, Hollande stands firmly behind anything Obama says. Within the US borders, it also seems the Presidents support is drying up day after day. Continue reading "Gold Chart of The Week" →