We’ve asked Michael Seery of SEERYFUTURES.COM an IB of Peregrine Finanial Group 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 Busines, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.
Precious Metal Futures--- The precious metals this morning were severely pressured by lower stock and commodity prices around the world this week with gold futures leading the way down another $7 dollars an ounce currently trading at 1, 588 down over $60 this week hitting a new five month low with the next major support at 1,528 and if that level is broken you could possibly see gold go all the way back down to the low 1400’s while silver futures started the week at 30.43 down nearly 1.40 for the trading week and trading down 30 cents at 28.90 with the next major support all the way down to 26.50 which is still over $2 dollars away also hitting a new five month low. As I've been stated in previous blogs am very bearish the commodity sector due to the fact that demand Continue reading "Weekly Futures Wrap Up w/Michael Seery" →
We’ve asked Michael Seery of SEERYFUTURES.COM an IB of Peregrine Finanial Group 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.