Silver: The Sleeper Commodity

Posted on February 13, 2015 by Walter Otstott

I’m going to put what’s left of my neck on the line and state that silver has finally formed a solid base and is poised to resume its massive bull market. The correction from the 2011 high was pretty ugly and expensive; this is to be expected in a long term bull market. Observe in the chart below that during the choppy conditions of the last four-five months, silver has described an “upside down head & shoulders” formation. This is bullish. Industrial activity is starting to pick-up worldwide (at least it has hit a floor); the greenback is looking top heavy and silver has a lot of catching up to do with gold. Remember that silver is perishable and that there is less silver in the world today than there was in the late 1970s when it was trading at an inflation adjusted $150 an ounce! At this moment, silver […]

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Crude Oil at Critical Juncture

Posted on February 13, 2015 by Walter Otstott

Crude oil futures are flirting with the 40 day moving average again, a point at which crude oil has seen violent price gyrations for the last two trading weeks. Should it be taken out and crude closes above $55 a barrel, we should see a vigorous rally to $74 (Next big resistance). Why not? Europe can’t keep going into the tank forever, et al.   Regards, Walt Walter Otstott Energies & Metals Markets Dallas Commodity Company, Inc. The Colonnade, Building III 15305 Dallas Parkway, Suite 930 Addison, Texas 75001 (972) 387-0080 (972) 387-0018, fax (214) 537-9750, cell walter@dallascommodity.com Guaranteed Introducing Broker to R. J. O’Brien www.dallascommodity.com Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance […]

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Gold Support at $1200 ?

Posted on February 11, 2015 by Mitchel LaRocca

Trying to buy April Gold futures at $1208.00 with “disaster” sell stop at $1188.00. This is after exiting long June $1350 calls with loss and buying back June $1450 calls with profit. Still have short June $1400 calls to play verses long futures. In essence, suggest buying gold at $1208.00 then sell calls for cushion. Click image to enlarge. Regards, Walt Walter Otstott Energies & Metals Markets Dallas Commodity Company, Inc. The Colonnade, Building III 15305 Dallas Parkway, Suite 930 Addison, Texas 75001 (972) 387-0080 (972) 387-0018, fax (214) 537-9750, cell walter@dallascommodity.com Guaranteed Introducing Broker to R. J. O’Brien www.dallascommodity.com Information herein has been obtained and prepared from sources believed to be reliable; however no guarantee to its accuracy is made. Comments contained in these materials are not intended to be a solicitation to buy or sell any of the commodities mentioned. Past performance is not indicative of future performance […]

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December ’15 Corn

Posted on February 11, 2015 by Mitchel LaRocca

The technical pattern looks interesting. Looking at the last 10-15 days in isolation the price action looks very much like a reverse head and shoulders pattern. Support at $4.00 held and given the recent USDA plantings outlook and positive report news, the market appears poised to test the 4.40 – 4.50 area if resistance is taken out. With other indicators showing room for the market to advance it appears Dec. Corn above the 40 day moving average would invite some additional buying interest. For additional information and risk parameters please contact Mitch LaRocca @ 972-387-0080 or mitch@dallascommodity.com

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Watershed Day For The US Dollar?

Posted on December 8, 2014 by Daniel Burkholder

The Euro currency has over 60% weighting in the US Dollar Index. I feel the strength in the greenback over the last half year was more a function of a weak Euro, a consequence of poor economic conditions in the countries which constitute the Euro zone, than a robust American economy. Weak employment numbers in the US, per yesterday’s ADP report, is a good example. Draghi’s comments today confused the hell out of pundits as to what the European Central Bank was up to, thus a crazy trading day for the currencies. From a technical analysis stand point, today’s volatile trade saw the Euro trade below yesterday’s close (the lowest point in the Euro’s six month bear market), then jump like a scalded ape, surpassing yesterday’s high trade. This is what is known as an outside-reversal-day. Trading programs which key off of technical analysis only (with a lot of billions of […]

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