Today in Commodities: A Pause Before the Next Surge [View article]
Yesterday tyh10 lost 1 ticks, ush10 gained 12 ticks...if my math is correct that is a gain of 13 ticks. Clients are long ush10/short tyh10. I apologize if I was not clear on their position. We are expecting ush10 to trade at a premium to tyh10. Put in gtc profit today at 1'26 premium to ush10.
On Dec 15 08:26 AM Prince Saleh wrote:
> the march NOB spread didn't gain, it went 7 weak yesterday! MAR 10yr > made new lows!
Start your education process...there are a number of educational links on my site. Additionally the exchange websites where the commodities trade have a ton of free literature. I would be happy to discuss specific plays we're making for clients if you wish.
On Dec 09 02:31 PM The shark wrote:
> Thanks for sharing Jim's thoughts. > > Matthew, I have a reasonable understanding of mining and precious > metals but admit I have no understanding of the other "commodities". > However, they no doubt will hold and grow substantial value over > the next 5-10 years. If you were looking to establish a 2 year position > how would one invest into this sector and could you recommend a broaded > based ETF ? (I don't believe I am experienced enough in this area > to invest in individual Futures).
I only trade commodity futures & options ...not ETN's and ETF's. I would be happy to discuss with you some of the trades that do not require exorbitant capital that we're positioning our clients in.
On Dec 09 10:54 PM MichaelAK wrote:
> Thank you for sharing the information but not having the capital > to take into futures would appreciate some recommendation on ETF's > and ETN 's to take advantage of the continued trends in commodities. > As long as their are no substitutes we should see continued growth > in commodities.
> Hey Mathew, this is not 1st grade. You don't get bonus points for > underlining the nouns. Maybe when you get to adjectives in your hooked > on phonics course you bold those, too. wheeee! > > good articles financeopinionss.blogs...
Today in Commodities: Looking for More Evidence [View article]
I SUGGEST YOU RE-READ THE COMMENTS AND PERHAPS GET A NEW PRESCRIPTION FOR YOUR MEDS.
12/1/9 Gold has traded above $1200 closing just below on the February contract. The question is now that this level has been achieved will investors book profit or will new buyers take gold to higher levels. All clients that are long futures are suggested to have some sort of option protection. Silver broke to new highs today; the May $3 call spreads gained nicely though we may be looking for an exit door if tomorrow is anything like today. 12/2/9 We took another profit in silver today on the May call spreads bought for clients just last week. On a correction we will buy again. We have been very active trading in and out of silver…for those wishing to buy and hold that is your choice not the way my clients and I trade. The trend is up in gold and I’m incapable of picking a top so we have clients that remain long BUT we highly recommend option protection as a nasty move lower is inevitable at some point. 12/3/9 We advised clients to book profits and exit all their gold today. We used the intra-day set back in silver this morning to buy silver. Clients that took profit yesterday are back long today from lower levels. We suggested call spreads in case of a deeper correction. On a trade above $19.50 in March expect $20 plus where we will look to book partial profits.
12/4/9 I’m pretty sure I cautioned metals traders about a nasty correction, well low and behold a 5% plus decline in gold and almost 4% in silver. Gold held the 18 day moving average but from yesterdays high prices are lower by $70/ounce and there could be more downside. This trade is far from over in our opinion but a trade down to $1100 is not out of the question. As for silver we see support at $18.20 followed by $17.75 in the March contract. Clients own March call spreads and are carrying a loss but we are confident that prices will trade back above $19.50 after the current correction. Days like today remind me why I do not buy and sit on my gold and silver positions for clients.
12/7/9 Gold has come off roughly 5% in the last 3 sessions and silver about 6.5%. We are suggesting using this set back to be a buyer in both metals. In recent sessions we’ve been buyers of Silver $2 call spreads for clients. We feel there is a little more downside, as for long entries February gold closer to $1100 and March silver closer to $17.50.
On Dec 07 09:17 PM picman wrote:
> "as for long entries February gold closer to $1100 and March silver > closer to $17.50" > > Matthew, can you please make up your mind and stick with it??? You > called silver at 19.50 or possibly $20 in March just two days ago > ("On a trade above $19.50 in March expect $20 plus where we will > look to book partial profits") and now you're lowering it to 17.50. > This is the kind of bouncing around that destroys your credibility > as an advisor and supports my call that most of the so called "experts" > writing these articles are nothing of the kind. You guys change your > minds and positions more often that you change your underwear which > makes your opinions shallow and useless. > > To the readers I say, don't take these clowns too serious on anything > they say because with every move in the market they change their > minds. As for me, I'm still loving SLV. It was a bit disappointing > to see it soar to $19.50 a share only to drop $2 before the week > was over but that is the volatility we must endure to be an investor > in metals. Forget that silly talk about $17.50 in March. Silver will > have made its way beyond the $20 mark long before March and with > a little bit 'o luck may be closing in on my target selling price > of $26. As for Tuesday, look for SLV to rebound and shoot back over > $18. This correction was inevitable because clowns like many of the > writers we see on the internet convince people to take menial profits > because of some graph or historical rule rather than ride it out > and collect real money down the road. I went in around $16 and I'm > looking for a $10 profit per share by the spring or early summer. > Stay true to silver and it will stay true to you.
Today in Commodities: All Eyes on the Greenback [View article]
I cannot speak for others but I do not day trade...what I do is tell clients and followers the main events of the day and update them day to day on their positions and what should be on their radar. As I'm sure you are aware day to day in this environment things can change on a dime. Additionally with this volatility we are quick to take profits and cut losses.
On Nov 17 08:50 PM picman wrote:
> Do all these writers and so called experts just day trade or do some > of them actually stick to their opinions for more than a week at > a time???
Today in Commodities: Strength vs. Dollar Weakness [View article]
UPDATE: As of this post the KCBOT/CBOT spread was showing a slight profit, as of settlement today clients are now slightly down on the trade. We bought KCBOT at 4 cent premium to CBOT wheat expecting a 14 cent premium to KCBOT.
Today in Commodities: U.S. Dollar on the Doorstep [View article]
Close we're looking for the eur/usd to move down just like in FX but for the other cross you mentioned we're looking for the Loonie to depreciate and in FX it is the reciprocal. So far so good. We hit our target on the downside today in the Loonie and are expecting a touch more in the Euro. Additionally for other currencies we advised clients to buy the Yen today...opposite in FX.
On Oct 27 04:59 PM User 456427 wrote:
> Sorry, I am new to this. When you say that you like selling rallies > in the Euro and Loonie does that mean that you are selling EUR vs > USD as the EURUSD pair goes up and selling USD vs CAD as the USDCAD > pair as the USDCAD pair goes up? If so, then doesn
Today in Commodities: U.S. Dollar on the Doorstep [View article]
JIMBO...the author predicted $16 when silver was at $18 so it has almost reached his target. In agreement $20 is doable maybe early next year.
On Oct 28 01:47 PM jimbo's gravy train wrote:
> Don't panic with SLV. Our author just gave a staggering prediction > of $16 for silver right about the time it hit $16. WOW, what an insight! > Now, on to a real prediction... stay with silver. It is a very volatile > investment but ultimately it will hit $20 in the next few months, > possibly by year's end. Stick with it and enjoy the benefits. If > you're not in, its at bargain prices right now! Get better than 25% > return on your investment in only 2-3 months. Where else can you > get that? BUY SLV now and watch it hit $20, then sell and let's plan > the victory party!
Today in Commodities: Dollar Sets the Tone [View article]
In this example we had clients long January $6/7 call spreads in natural gas; a bullish play. They were at a profit but we did not want to leave the trade. So as opposed to exiting we advised clients to buy November $4.25 puts. The idea was if we came in Monday and natural gas prices were down we would make up the loss on the call spread with a profit on the puts. How it played out natural gas continued to move higher so we cut losses on our hedge (November puts) and exited the longs. The net result was less of a profit had we not done the puts. Definition: An investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position in a related security, such as an option or a short sale.
On Oct 20 05:36 PM woodennickels wrote:
> Can you explain how a hedge works again? > > "This time the hedge hurt instead of helped, but sometimes being > conservative makes you less money, other times it saves you money."
Today in Commodities: Don't Fight the Tape [View article]
Yes we concur nat gas is a buy if prices come down just a touch more...see previous posts. In terms of crude we prefer to buy a setback as opposed to get short. If you chose to get short DO use a tight stop. On a trade out of the bollinger bands on the daily chart which is just above $76 on the November contract we would take a loss. If you do get a break trail your stop lower.
On Oct 14 06:38 PM Melsen wrote:
> By your way of writing I guess you haven't gone long NG yet. I agree > with you and in order to go long I'll wait for at least a 50% retracement. > Considering the way it's going even a 61.8% would be in the playbook > I think, that would put the December contract in the range of $4.50-$5 > that we've been trading on the November contract. Crude IMO will > reverse shortly. If it can't get a convincing bid over $75 under > these conditions, when will it? Gone short crude today with a tight > stop, just in case it rallies all the way to $80. Do you think that > was too much of a risk?
Today in Commodities: A Pause Before the Next Surge [View article]
On Dec 15 08:26 AM Prince Saleh wrote:
> the march NOB spread didn't gain, it went 7 weak yesterday! MAR 10yr
> made new lows!
Jim Rogers: Lessons from a Legend [View article]
On Dec 09 02:31 PM The shark wrote:
> Thanks for sharing Jim's thoughts.
>
> Matthew, I have a reasonable understanding of mining and precious
> metals but admit I have no understanding of the other "commodities".
> However, they no doubt will hold and grow substantial value over
> the next 5-10 years. If you were looking to establish a 2 year position
> how would one invest into this sector and could you recommend a broaded
> based ETF ? (I don't believe I am experienced enough in this area
> to invest in individual Futures).
Jim Rogers: Lessons from a Legend [View article]
On Dec 09 10:54 PM MichaelAK wrote:
> Thank you for sharing the information but not having the capital
> to take into futures would appreciate some recommendation on ETF's
> and ETN 's to take advantage of the continued trends in commodities.
> As long as their are no substitutes we should see continued growth
> in commodities.
Today in Commodities: Crouching Tiger Hidden Commodity [View article]
On Dec 10 05:10 PM Seeking-Losses(SL) wrote:
> Hey Mathew, this is not 1st grade. You don't get bonus points for
> underlining the nouns. Maybe when you get to adjectives in your hooked
> on phonics course you bold those, too. wheeee!
>
> good articles financeopinionss.blogs...
Today in Commodities: As the Greenback Turns [View article]
Should be support NOT resistance..my mistake
Today in Commodities: Looking for More Evidence [View article]
12/1/9 Gold has traded above $1200 closing just below on the February contract. The question is now that this level has been achieved will investors book profit or will new buyers take gold to higher levels. All clients that are long futures are suggested to have some sort of option protection. Silver broke to new highs today; the May $3 call spreads gained nicely though we may be looking for an exit door if tomorrow is anything like today.
12/2/9 We took another profit in silver today on the May call spreads bought for clients just last week. On a correction we will buy again. We have been very active trading in and out of silver…for those wishing to buy and hold that is your choice not the way my clients and I trade. The trend is up in gold and I’m incapable of picking a top so we have clients that remain long BUT we highly recommend option protection as a nasty move lower is inevitable at some point.
12/3/9 We advised clients to book profits and exit all their gold today. We used the intra-day set back in silver this morning to buy silver. Clients that took profit yesterday are back long today from lower levels. We suggested call spreads in case of a deeper correction. On a trade above $19.50 in March expect $20 plus where we will look to book partial profits.
12/4/9 I’m pretty sure I cautioned metals traders about a nasty correction, well low and behold a 5% plus decline in gold and almost 4% in silver. Gold held the 18 day moving average but from yesterdays high prices are lower by $70/ounce and there could be more downside. This trade is far from over in our opinion but a trade down to $1100 is not out of the question. As for silver we see support at $18.20 followed by $17.75 in the March contract. Clients own March call spreads and are carrying a loss but we are confident that prices will trade back above $19.50 after the current correction. Days like today remind me why I do not buy and sit on my gold and silver positions for clients.
12/7/9 Gold has come off roughly 5% in the last 3 sessions and silver about 6.5%. We are suggesting using this set back to be a buyer in both metals. In recent sessions we’ve been buyers of Silver $2 call spreads for clients. We feel there is a little more downside, as for long entries February gold closer to $1100 and March silver closer to $17.50.
On Dec 07 09:17 PM picman wrote:
> "as for long entries February gold closer to $1100 and March silver
> closer to $17.50"
>
> Matthew, can you please make up your mind and stick with it??? You
> called silver at 19.50 or possibly $20 in March just two days ago
> ("On a trade above $19.50 in March expect $20 plus where we will
> look to book partial profits") and now you're lowering it to 17.50.
> This is the kind of bouncing around that destroys your credibility
> as an advisor and supports my call that most of the so called "experts"
> writing these articles are nothing of the kind. You guys change your
> minds and positions more often that you change your underwear which
> makes your opinions shallow and useless.
>
> To the readers I say, don't take these clowns too serious on anything
> they say because with every move in the market they change their
> minds. As for me, I'm still loving SLV. It was a bit disappointing
> to see it soar to $19.50 a share only to drop $2 before the week
> was over but that is the volatility we must endure to be an investor
> in metals. Forget that silly talk about $17.50 in March. Silver will
> have made its way beyond the $20 mark long before March and with
> a little bit 'o luck may be closing in on my target selling price
> of $26. As for Tuesday, look for SLV to rebound and shoot back over
> $18. This correction was inevitable because clowns like many of the
> writers we see on the internet convince people to take menial profits
> because of some graph or historical rule rather than ride it out
> and collect real money down the road. I went in around $16 and I'm
> looking for a $10 profit per share by the spring or early summer.
> Stay true to silver and it will stay true to you.
Today in Commodities: Keeping Your Powder Dry [View article]
www.pfgbest.com/trader...
On Nov 19 08:10 AM User 500209 wrote:
> How did you buy jan 1000p for under 600$? Don't think they have ever
> been cheaper than 1000$
Today in Commodities: All Eyes on the Greenback [View article]
On Nov 18 02:51 PM User 405966 wrote:
> Matt,
> How to become a client?
Today in Commodities: All Eyes on the Greenback [View article]
On Nov 17 08:50 PM picman wrote:
> Do all these writers and so called experts just day trade or do some
> of them actually stick to their opinions for more than a week at
> a time???
Today in Commodities: Strength vs. Dollar Weakness [View article]
Today in Commodities: U.S. Dollar on the Doorstep [View article]
On Oct 27 04:59 PM User 456427 wrote:
> Sorry, I am new to this. When you say that you like selling rallies
> in the Euro and Loonie does that mean that you are selling EUR vs
> USD as the EURUSD pair goes up and selling USD vs CAD as the USDCAD
> pair as the USDCAD pair goes up? If so, then doesn
Today in Commodities: U.S. Dollar on the Doorstep [View article]
On Oct 28 01:47 PM jimbo's gravy train wrote:
> Don't panic with SLV. Our author just gave a staggering prediction
> of $16 for silver right about the time it hit $16. WOW, what an insight!
> Now, on to a real prediction... stay with silver. It is a very volatile
> investment but ultimately it will hit $20 in the next few months,
> possibly by year's end. Stick with it and enjoy the benefits. If
> you're not in, its at bargain prices right now! Get better than 25%
> return on your investment in only 2-3 months. Where else can you
> get that? BUY SLV now and watch it hit $20, then sell and let's plan
> the victory party!
Today in Commodities: U.S. Dollar on the Doorstep [View article]
SHOULD BE corn and wheat NOT corn and beans...sorry for the confusion
Today in Commodities: Dollar Sets the Tone [View article]
Definition:
An investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position in a related security, such as an option or a short sale.
On Oct 20 05:36 PM woodennickels wrote:
> Can you explain how a hedge works again?
>
> "This time the hedge hurt instead of helped, but sometimes being
> conservative makes you less money, other times it saves you money."
Today in Commodities: Don't Fight the Tape [View article]
On Oct 14 06:38 PM Melsen wrote:
> By your way of writing I guess you haven't gone long NG yet. I agree
> with you and in order to go long I'll wait for at least a 50% retracement.
> Considering the way it's going even a 61.8% would be in the playbook
> I think, that would put the December contract in the range of $4.50-$5
> that we've been trading on the November contract. Crude IMO will
> reverse shortly. If it can't get a convincing bid over $75 under
> these conditions, when will it? Gone short crude today with a tight
> stop, just in case it rallies all the way to $80. Do you think that
> was too much of a risk?