Gold & Commodities – Right Side of the Chart

June 2017
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The Gold & Commodities category is a sub-section of Market Analysis that includes charts and commentary associated with precious & industrial metals such as gold, silver, and copper as well as various hard & soft commodities such as oil, gas, wheat, corn, etc…

SGG Sugar ETN Stop Hit, Rally Still Likely Coming Soon

We had a brief & shallow stop run on the SGG (sugar ETN) Active Long Swing Trade last week with the ETN printing a weekly close back above the stop level & sugar still looking ripe for a reversal soon. That resulted in a relatively minor loss of 3.6% as I was keeping stops tight [...]

Jun 24, 2017 6:14pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: $SUGAR, SGG|0 Comments

GDX Stop Hit After Reaching 2nd Price Target + Intermediate-term Outlook

The GDX official Long Swing Trade was entered on May 15th, rallying from there to hit the 2nd price target, T2 at 23.78, for a 5.4% profit on June 6th. GDX stopped cold at that resistance level while also putting in a divergent high & went on to exceed the original suggested stop of any [...]

Jun 24, 2017 12:35pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: GDX|1 Comment

JO, Coffee ETN Stopped Out on Potential Selling Climax

JO (coffee ETN) was recently added as an aggressive, "catch-a-falling-knife" trade on Tuesday with JO triggering the suggested stop of any move below 15.90 for a 3.6% loss on Thursday. That impulsive sell-off on Thursday was indicative of a selling climax as well as a potential wedge over-throw on both $COFFEE (continuous futures contract) JO [...]

Jun 24, 2017 11:55am|Categories: Completed Trades - Long, Gold & Commodities|Tags: $COFFEE, JO|0 Comments

General Market Commentary for June 23rd

Broad Markets As I've already posted extensive analysis on the equity markets as well as various commodities, sectors & precious metals over the past week I figured that I'd keep it simple & share what I'm most focused on with the stock market at this time. At the risk of over-simplifying something that is quite [...]

Jun 23, 2017 10:07am|Categories: Equity Market Analysis, Gold & Commodities|Tags: $NDX, GDX, GLD, IBB, QQQ, XBI, XLF|0 Comments

Stock Market, Gold & Sector Analysis 6-20-17 (video)

Analysis of the US stock market, various key sectors including gold & GDX.

Jun 20, 2017 1:46pm|Categories: Equity Market Analysis, Gold & Commodities|Tags: $GOLD, $NDX, $RUT, $SPX, BAC, BRK.B, C, GDX, GLD, GS, IWM, JPM, MS, QQQ, SPY, USB, WFC, XLE, XLF, XOP|2 Comments

WEAT Second Price Target Hit for 5% Profit

The WEAT (wheat ETN) active long swing trade hit T2, 7.38, yesterday for a 5% gain. T3 remains the final target at this time. Previous & updated daily charts:

Jun 20, 2017 10:11am|Categories: Active Trades - Long, Completed Trades - Long, Gold & Commodities|Tags: $WHEAT, WEAT|0 Comments

JO Coffee ETN Trade Setup & Entry

While certainly a counter-trend, catch-a-falling-knife trade, JO (coffee ETN) will be added as a long swing trade here at around the 16.48 level while at the bottom of this small falling wedge (white downtrend line) within the much larger falling wedge pattern. While the daily chart of JO below shows some nearby resistance levels where [...]

Jun 20, 2017 9:45am|Categories: Completed Trades - Long, Gold & Commodities|Tags: $COFFEE, JO|0 Comments

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