The Commodity Research Bureau's TrendTrader is Long Gold, Silver, Palladium and Short Copper - Flat Platinum.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Metals
Metal prices this morning are sharply higher. Dec gold this morning is up +$11.10, Dec silver is up +34 cents, and Dec copper is up +8.5 cents. Dec gold surged to a record high of $1,059.60 an ounce, Dec silver soared to a 14-month high and Dec copper climbed to a 2-week high as the fall in the dollar index this morning to a 2-week low supports the rally in metals. Metals prices yesterday settled mixed. Dec gold closed up +$4.70, Dec silver closed up +20.5 cents and Dec copper fell -0.5 of a cent. Dec gold climbed to a record high of $1,049.70 an ounce and Dec silver rose to a 2-1/2 week high. Bullish factors for metals prices yesterday included (1) speculation that efforts by global governments to grow their economies will lead to their currencies being debased, which will increase the demand for gold as an alternative currency, (2) the threat of srikes by copper workers in Chile, the world's largest source of the metal, and (3) the larger-than-expected increase in Aug German factory orders, indicating increased industrial metals consumption. Bearish factors included (1) the rebound in the dollar index, (2) the +725 ton increase in LME copper inventories to a 4-1/2 month high of 347,150 tons as LME inventories have now risen 35% since July, indicating adequate supply and slack demand, and (3) gold-negative comments from Kansas City Fed President Hoenig who said that the US economic rebound should support higher interest rates "sooner rather than later."
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The CRB "TrendTrader" is one of the oldest and most respected market letters in the industry since 1963.
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CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB TrendTrader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 90 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
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