Tag: Guest Bloggers

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract settled last Friday in New York at 1,282 while currently trading at 1,298 up about $16 for the trading week looking to crack the critical January 4th high of 1,300 in my opinion. I have been recommending a bullish position from around the 1,252 level and if you took that trade continue to place the stop loss on a closing basis only at 1,278 which is also the 2-week low. Gold prices are still trading above its 20 and 100-day moving average as the trend remains higher, so I also have a bullish recommendation in platinum as we were stopped out of the silver trade earlier in the week which is disappointing as silver is sharply higher in today's trade. The U.S. dollar this Friday afternoon is down 70 points as that is undoubtedly helping gold and the entire precious metals rally sharply today so stay long and continue to place the proper stop loss as I think 1,350 could be in the cards relatively soon. Demand is starting to come back into gold as large money managed funds continue to be buyers as I believe a secular bullish trend is underway.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract is currently trading lower by $10 at 1,282 an ounce as prices have been stuck between 1,290 / 1,300 over the last two weeks due to extremely low volatility. I have been recommending a bullish position from around the 1,252 level and if you are involved in that trade continue to place the stop loss under the 10-day low standing at 1,278 as the chart structure is excellent, but for the bullish momentum to continue prices have to break the January 4th high of 1,300. I'm also recommending bullish positions in silver and platinum as palladium has exploded to the upside once again today hitting another all-time high and that indeed is the leader out of this complex. I'm hoping that will start to bleed into the other precious metals. Gold prices are still trading above their 20 and 100-day moving average as the trend is higher, and I still think a breakout above 1,300 is looming so continue to play this to the upside. I will be possibly looking to add more contracts if that situation occurs as the risk/reward would still be in your favor
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract is currently trading at 1,290 an ounce after settling last Friday in New York at 1,285 up about $5 for the trading week still unable to crack the critical 1,300 level on a closing basis. Gold prices are trading above their 20 and 100-day moving average as the trend remains to the upside. I've been recommending a bullish position from around the 1,252 level and if you took that trade place the stop loss under the 10-day low which now stands at 1,276 as the chart structure is outstanding due to the low volatility. The U.S. dollar hit a TWO month low in this week's trade as that has been supportive gold prices, but for the bullish momentum to continue we have to break the January 4th high of 1,300, and then I think prices could run up to the 1,350 level as there is still strong demand for this commodity at the current time. The Federal Reserve looks like it will pause raising interest rates as that is also a fundamental bullish factor towards gold as I'm also recommending bullish positions in silver and platinum so stay long and continue to place the proper stop loss.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract settled last Friday in New York at 1,283 an ounce while currently trading at 1,286 up slightly for the week, but ending on a sour note. The monthly employment report was released this morning showing that we added over 300,000 new jobs which were higher than expectations. That shows you how strong the U.S. economy is at this time despite the fact of huge volatility in the stock market as that sent gold down about $8 which isn't too bad in my opinion as I remain bullish. I have been recommending a bullish trade from the 1,252 level land if you took that trade place the stop loss under the ten-day low which now has been raised to 1,257 as the chart structure will improve on a daily basis starting next week. Gold prices touched the 1,300 level as I still think we can get up to 1,350 in the coming weeks ahead as strong demand has come back into the precious metals as I am currently recommending bullish positions in silver and platinum. Gold futures are trading far above their 20 and 100-day moving average as clearly the trend has turned higher so continue to play this to the upside and if you're not involved, wait for some further price pullback to enter into a bullish position
TREND: HIGHER
CHART STRUCTURE: IMPROVING
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the February contract is currently trading at 1,261 after settling last Friday at 1,241 in New York hitting a 5 ½ month high continuing its bullish momentum. The stock market has utterly collapsed this week as money flows are continuing to exit and I do believe new money will start to enter into the gold market. However, I'm surprised that gold prices have not reacted more bullish to the recent sell-off in equities. I have been recommending a bullish position from the 1,252 level and if you took that trade continue to place the stop loss under the 10-day low standing at 1,236 as the chart structure is solid due to the fact of the extremely low volatility which is very surprising as craziness is upon us. Gold prices are trading above their 20 and 100-day moving average as clearly this trend is to the upside as I also have a bullish silver recommendation. There is absolute panic as I think the volatility in gold will expand tremendously to the upside in the coming weeks and months ahead so continue to stay long as I see no reason to be short.
TREND: HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →