Matthew Bradbard

Today in Commodities: A Pause Before the Next Surge

Correct a trade over $17.60 expect $19 a trade below $16.90 expect $16.15. Only my opinion!


On Dec 15 10:31 AM jimbo's gravy train wrote:

> " A settlement back over $17.60 should mean $19 in the immediate
> future."
>
> Hey, a firm prediction... I like that. So if I am understanding this
> correctly, you are saying if silver reaches 17.60, you expect the
> climb to continue through the $19 mark. Is that correct? It would
> be nice to see silver back near $20 where it belongs.

Today in Commodities: A Pause Before the Next Surge

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!

Today in Commodities: As the Greenback Turns

We should see some good resistance in the March contract between $17/17.40.

Should be support NOT resistance..my mistake

Today in Commodities: Looking for More Evidence

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: Keeping Your Powder Dry

You may be looking at something else...we bought January ES puts for 11.75 points or $587.50 in premium yesterday for clients.

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: Quarterly Window Dressing

1st paragraph should read...

2009 is 3/4 over -- how is your performance? You’ve had to pick your points in commodities, but for the most part being long currencies against the US dollar and long metals have been the plays. NOT

2009 is 3/4 over -- how is your performance? You’ve had to pick your points in commodities, but for the most part wheat, coffee, OJ, commodity, futures, art, being long currencies against the US dollar and long metals have been the plays.

Today in Commodities: 8 Years Later, the Bull Is Alive

9/11 happened 8 years ago. There was a bull market in commodities then just getting under way and 8 years later there is still a bull market in commodities??


On Sep 14 12:18 AM Hmm?! wrote:

> Did I miss something? You did not really address the title of this
> article?

Today in Commodities: Risk Aversion Trade On

Should be "a viable " play in soy meal not " available"

Today in Commodities: The Commodity Train Is Leaving the Station

How so...maybe because the markets change everyday and as a trader you must adjust??


On Jul 22 03:54 PM dcb wrote:

> i read your comments yesterda and today and they apprear to be different.
> not a good sign.