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Sold ECZ7 @ 1.4115 on 10/5 Target to cover and reverse is 1.3650 in the next 2-3 week timeframe....

its not "my" resistance. any and all markets have an infinite number of support and resistance levels. 735 was just of of many in the current timeframe. Right now 740 is the current level and then the latest swing high of 748. It all about the dollar right now. I am still leaning on a...

exactly. the short term price doesn't matter in my view. FND is more than 2 weeks out and I still expect 72-74 by then...

The metals attempted to rally today but gold ran into resistance at 735 and silver up to 13.40. The DX continues its oversold bounce and it appears that 80 will provide some overhead in the coming days. If 80 is overcome than there is the possibility that a sharp rally in the dollar can occur...

AMR calls...

A couple of things that I also watch closely to gauge the direction of CL is how the energy trusts are acting and also how the airline and transportation stocks are moving. The OIH/XLE seems to be starting to rollover while the the $XAL and $TRAN are looking like they are bottoming out after...

Seasonals suggest so.. Target is 72-74 range before FND...

The metals could be getting a head start with a correction in many of the commodity complexes. Energy and Grains have also run up quite a bit in the last 6 weeks and appear to be starting a correction of sorts. The $CRB took a hit today and Crude seasonals target the high range for oil prices...

It appears that the correction in gold/silver has begun as anticipated. The selling got underway last night just as Asia opened and prices have sunk lower since COMEX opened today. I am still looking for weakness and choppy action in the metals until the end of this month. At which time I will...

I am rather disappointed in golds performance recently given the fact the USDX has broken below 78. Knowing the metals market helps to understand that gold is under performing due to price suppression by the commercial interests which is not uncommon. The precious metals market is a relatively...

From the looks of things right now, gold could still move higher before a pullback commences. Tonight, the dollar is trading right near historical lows with crude trading up near historical highs. Gold is hitting 738 right now so we could see a push higher before going lower. 750-780 could come...

It does appear that 738-740 is serving as heavy resistance for now. I have been anticipating a pullback into late October per my earlier posts. This is not unusual as the seasonals for gold are usually somewhat bearish around this time of the year (end of Sept. until last week in October). We...

It looks like gold will tack on $24 for the week while Silver finally appears to have broken out of its downtrend to close +$0.90 for the week. I am already hearing mostly bearish opinions as of late that gold prices are topping. This is bullish imo from a contrary standpoint. Prices have...

Bona fide Breakout... nobody can say exactly how much further up its going but up it is going...

Cash Gold breaking out over 730 this morning which was the May '06 swing high. No breakaway gap is apparent as the commercials most certainly wouldn't want to see a runaway gold price at this juncture. Next target is actually the January 1980 contract high of 895.00 however I could see some type...

gold now on the verge of breaking out to new multi-decade highs. 731 was the cash trade high from May '06 so if prices begin to trade higher than 732 then the price disconnection that I referred to previous could occur. (i.e, gold quotes could easily gap higher upon a definitive break over 732)...

I'm being a bit more cautious here. Both gold and silver had outside reversals today and the closing candles on GLD/SLV indicate that a price reversal could be in the works. While cash gold hit close to 718 today, a rather large wave of selling soon commenced which pushed gold back down 10...

NYMEX raising COMEX gold margins today. With only about 24hr. notice this is very interesting. Normally futures exchanges raise margin requirements when a certain product is expected to move higher and/or in a more volatile fashion. -----------------------------------------------------...

Not sure. I do follow gold priced in JPY/GBP/AUD/CND directly though. In the past week, gold has started to breakout in all major currencies priced other than US dollars. This development occured in the early fall of 2005 just as gold began a 9 month rise from $425 to $730...

So far the sellers aren't having much luck with trying to push gold lower. During today's session, gold went down to 703 and only stayed there for about 10 minutes before physical buyers stepped in. Right now prices are back up to 710. Day 5 of yet another PM Fix over 700. At this point, I am...