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Robert Edwards

Robert Edwards
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  • What Does Price Action In The US Dollar And Japanese Yen, Foretell About The Price Of Gold In The Near Term?  [View instapost]
    My Wechat name you see will be the same, sure. However to join me as a contact you have to search for "bobed1"
    May 24, 2015. 09:05 PM | Likes Like |Link to Comment
  • If The Rally Is To Continue, Gold Needs To Move Higher Friday, May 22, 2015 [View instapost]
    Overnight gold hit a high of $1214.40 and after falling back $4, rallied and made a new high by 20 cents to $1214.60, but by the time 8:30 a.m. EST rolled around, it was sitting around $1212.50. The CPI number was .1% lower than expected and they knocked gold down about $7 immediately and later another $4 to the $1201s. At least we got the pop overnight so with the smackdown we stayed above the critical $1200 support level. Maybe we get the upward surge on Monday, May 25th, if not later today.
    May 22, 2015. 10:19 AM | Likes Like |Link to Comment
  • Trading Update On Going Long Crude Oil (UWTI) And Short Natural Gas (DGAZ)  [View instapost]
    No link yet. I will be working on the logistics diligently and get back with you. Thanks for your interest.
    May 22, 2015. 08:42 AM | Likes Like |Link to Comment
  • Trading Update On Going Long Crude Oil (UWTI) And Short Natural Gas (DGAZ)  [View instapost]
    Hopefully beginning June 1st, 2015 or shortly thereafter. Have to work out the details.
    May 21, 2015. 02:14 PM | Likes Like |Link to Comment
  • Trading Update On Going Long Crude Oil (UWTI) And Short Natural Gas (DGAZ)  [View instapost]
    Thanks for the vote of confidence.
    May 21, 2015. 12:19 PM | Likes Like |Link to Comment
  • Gold Closed Above $1220 Resistance Today; Live Cattle Rallied; Soybean Meal Struggled [View instapost]
    Gold ended up closing 1225.30, filling the overnight gap and closing up a tick. So we did indeed get two consecutive upside closes which bodes well for more bullishness next week.
    May 15, 2015. 04:21 PM | Likes Like |Link to Comment
  • Gold Closed Above $1220 Resistance Today; Live Cattle Rallied; Soybean Meal Struggled [View instapost]
    August Live Cattle bottomed around $138 back in early March, but rallied just above $150. That was a move of $12+. If you add $12 to the $144 support level hit on the mid April low, you get a target price of $156. If we should continue higher above $153, the next target is $156.

    Regarding gold, overnight we first held $1217 but eventually dropped to $15.50 in June Gold Futures. Then a 2500 contract sell program hit around 6:05 a.m. EST that caused a low of $1210.70 to be realized. A later retest made a one tick lower low at $1210.60 but we have rallied back to $1215 so far. I remain hopeful that we can hold support at the $1205 to $1210 level through 2 days a consolidation, today and Monday, however, Tuesday almost certainly must be a strong up day to keep the rally going.
    May 15, 2015. 07:19 AM | Likes Like |Link to Comment
  • How I Called The Bottom In Natural Gas, Maybe For 2015 [View instapost]
    Here is my latest article on natural gas (UGAZ) and crude oil (UWTI) click http://seekingalpha.co...
    May 15, 2015. 12:15 AM | Likes Like |Link to Comment
  • How I Called The Bottom In Natural Gas, Maybe For 2015 [View instapost]
    I plan to do another article within the next 12 hours. I will let you know when I post the article.
    May 14, 2015. 06:15 PM | 1 Like Like |Link to Comment
  • Cycles Show Gold Bottoming Now, Or During May Or June 2015.....Or Not! [View instapost]
    With a long-term perspective, many miners are providing extremely attractive values. If one is playing the stocks of the leading majors and Juniors, they should be trading 2 to 3 times higher than current prices, within the next 2-3 years, based on their action following previous protracted bear markets. Gold miners are offering uncommon value.
    May 8, 2015. 09:36 PM | Likes Like |Link to Comment
  • The Crude Oil Rally Is Just Getting Started, LOL! [View instapost]
    Here is an article from Main Street Trading which describes the exact scenario that occurred in 2009. The first time gold topped in March, and then sold off 3-4 weeks back towards the lows. However, in May 2009 crude again approached $60 and this time it shot on up through $70. Most are calling for the current rally to be like March 2009 and sell on off. I am calling for the move to $60 in crude to be similar to May 2009 when we kept going all the way to $70.

    Here is the referenced article: http://bit.ly/1IXy6Mj
    May 8, 2015. 09:32 PM | Likes Like |Link to Comment
  • The Crude Oil Rally Is Just Getting Started, LOL! [View instapost]
    Here is an article that can be helpful, click http://bit.ly/1F1KyJ0 It appears that companies are targeting either $65 or $70 to begin pumping more oil again, which could limit the upside.

    Today we got a correction finally and lower close, however we could be just having a similar day as we had on 02/04/15 and tomorrow we spring right back up. More likely today is like 3/27/25 and 4/08/15 and we go sideways to lower a couple days and then boom back towards the highs.

    In any case, many would be bulls are finally getting a chance to get in this market thru futures or thru UWTI. I believe they will buy and force a retest of the highs next week. If we make a new high then we will be off to the races again. If we don't, then will have to take profits in UWTI near the old highs. Buying now is buying the first dip, after a large bullish move. Should take one or more failed rallies back to the highs to finally get crude oil to top out. That should make buying this dip profitable by the middle of next week.
    May 7, 2015. 04:33 PM | Likes Like |Link to Comment
  • The Crude Oil Rally Is Just Getting Started, LOL! [View instapost]
    Shooting Star Japanese Candlestick pattern forming today, click http://bit.ly/1H1AYrS

    It is a topping type pattern and we could reverse lower back to the $60 breakout point and could fall to $58 over the next several days, but unlikely we dip much below $55 anytime soon. Regardless, this is good news if we can fall enough to get a UWTI position on some weakness which decreases risk. I remain bullish and committed to setting myself up to profit from higher prices.

    Just saw Dennis Gartman speaking on CNBC expounding the bearish fundamentals saying producers will not cut back and we are probably heading lower. He might be right for a day or two but I don't see us taking out prices below $55 for awhile. We will soon see if Dennis is right or me.

    Slightly bearish oil, Dennis also thinks the Canadian Dollar will head lower, thanks to Alberta elections putting in socialist style government in place. I say Canadian Dollar goes up and not lower, so again we will see who is correct. If oil consolidates lower for a few days, you might get a dip in the Canadian $ but I plan to be buying that dip.
    May 6, 2015. 03:16 PM | Likes Like |Link to Comment
  • The Crude Oil Rally Is Just Getting Started, LOL! [View instapost]
    When markets break out, like June Crude Oil did, above $60, they often run up a bit but then fall back to the breakout point. If that occurs in June Crude Oil now, it would mean a retracement back to $60. If we see June Crude Oil fall back to $60 in the next couple days, that should be a great spot to start accumulating UWTI shares.

    The Canadian Dollar often follows the Crude Oil market. Recently it bottomed around .7800 and then broke out to the upside when it traded back above .8100. It is now above .8300 and should rally in the near-term, following crude oil higher.
    May 6, 2015. 12:13 PM | Likes Like |Link to Comment
  • Where Is Gold Heading Next, And Can It Be Played Using JNUG And JDST, Or NUGT And DUST? [View instapost]
    You are correct that the miners are outperforming gold and other metals. The miners anticipate a bottom and normally bottom first. I would say that there is a very high probability that the miners have already bottomed, while the metals could still make marginal new lows. Because the miners have outperformed recently, if we correct lower in gold, the miners could fall more than gold, making it a bit more dangerous buying the miners at their current elevated levels. I have already cashed out my positions held in the miners, waiting for a correction to buy back lower. I am still buying dips in gold and like the fact that I can buy futures contracts that allow for some leverage. The leveraged ETFs have slippage but trading the gold futures you get leverage without slippage. Also you can start by trading the micro gold contracts (MGC - 10 ounces) instead of the large contract (GC -100 oz). Much easier to average in and out using the small contracts.
    May 5, 2015. 12:25 PM | Likes Like |Link to Comment
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