Outside-Reversals In Weekly Gold & Silver Charts

Posted on December 8, 2014 by Daniel Burkholder

A close by silver above $16.65 tomorrow will constitute a text book outside-reversal-week. Silver already took out the low and the high of last week, which was the lowest weekly close of silver’s bear market. Weekly gold chart also describes an outside-reversal-week, but not in the classic manner as silver. 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

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Corn Trade

Posted on December 8, 2014 by Daniel Burkholder

You should consider buying some corn calls. This chart appears really bullish to me. I’ve been buying March $4.00 calls today for 13.5 – 14.0 ct ($675 – 700). Target is $4.50 area ($2500). 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

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Wheat

Posted on December 8, 2014 by Daniel Burkholder

Having recovered from wounds inflicted in last month’s break in wheat, my bull headed spirit wants to re-engage. There are two basic courses of action: futures or options (A combination of the two also). 1) Buy a futures contract and risk the trade to a close below $4.80 (loss of around $2000). Objectives are $5.44 ($1350 profit); $5.78 (+$3050); $6.65 (+$7400) & $6.91 (+$8700). This is not to say wheat cannot rally higher; profit potential is unlimited. Recommended investment per contract is $4000, though the margin requirement is only $1400 (There is also a one fifth size contract). 2) Buy call options; call option spreads; et al. The methodology: combinations of calls & puts, and strike prices utilized are boundless. This is something we would have to discuss (risk tolerance and money committed). With options, we can limit your risk to the amount you wish. Hence no major $ commitment is […]

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This material has been prepared by a sales or trading employee or agent of Dallas Commodity Company and is, or is in the nature of, a solicitation. This material is not a research report prepared by Dallas Commodity Company's Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

The risk of loss in trading commodity futures contracts can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain a position in the commodity futures market.