5 Minutes on the Markets – 04/11/2025

Jeff FosseGeneral Commentary Leave a Comment

This is posted every morning at about 8 AM, before the markets open. Cattle markets retraced some of Wednesday’s gains yesterday. Hog futures posted higher highs and higher lows and may try to fill some price gaps. Grains stronger following USDA data yesterday, adding to gains overnight. Metals up, led by $250 rally in Gold over three days. Stock Indexes …

5 Minutes on the Markets – 03/28/2025

Jeff FosseGeneral Commentary

This is posted every morning at about 8 AM, before the markets open. Cattle markets post strong Bullish Reversals on Thursday, Hogs continued the pattern of large trading ranges. Grains weaker overnight, led by Wheat, especially KC Wheat. Soybeans and Bean Oil jumped higher on Thursday, Bean Oil appears to be leading the way there. Gold making new contract highs …

Chart of the day – February Gold

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 18, 2024  February Gold As of this writing, February Gold is currently trading at 2609.60, down 52.40 on the day.  Most of the selling pressure came in as soon as the FOMC announced the ¼ rate cut at 1 PM CT.  …

Chart of the Day – February Gold

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, December 11, 2024 February Gold The February Gold contract rallied sharply today, up 36.20 at 2754.60, as of this writing.  This puts the market at prices we haven’t seen since Election Day.  The market had started to roll lower a few days …

Chart of the Day – February Gold

Jeff FosseGeneral Commentary

The information and opinions expressed below are based on my analysis of price behavior and chart activity Wednesday, November 20, 2024 February Gold The December contract is still the “front month” for another 10 days, but the Open Interest has shifted to the February contract now and the trading volume will show up in this contract over the next few …

Daily Gold Review

Michael BullionGeneral Commentary, Precious Metals

Bullion on Bullion Gold settled slightly lower Thursday reversing the positive return from yesterday with the February contracts closing at 1269.2.  Demonstrating further economic growth, the November Leading Economic Indicators came out this morning matching expectations after beating expectations in October.  High consumer sentiment and manufacturing new orders were both sighted as main contributors by The Conference Board, the publisher …

Absolute Momentum Strategy – Weekly Snapshot

William ReavisAsset Management, Currencies, General Commentary, Grains, Precious Metals

Below is a snapshot of open trade positions in the Absolute Momentum Strategy investment. The total open trade equity in the portfolio inclusive of fees and commissions as of the close of trading on Friday, April 14th, 2017 = $8,733.75 LAST WEEK IN TRADING Long Term Commodity Trader click to enlarge Long June 30 Year Bond was entered at 152.14 on …