The Commodity Research Bureau's TrendTrader is Long Gold, Silver, Platinum, Palladium and Flat Copper.
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 all weaker on the stronger dollar. Dec gold this morning is down -$3.00, Dec silver is down -10.5 cents, and Dec copper is down -4.2 cents. Metals prices yesterday settled mixed. Dec gold closed down -$14.10, Dec silver closed down -49.3 cents and posted a 1-week low and Dec copper rose +1.45 cents. Bearish factors for metals prices yesterday included (1) the rebound in the dollar index which closed little changed after recovering from a 14-month low, (2) long liquidation in gold after the recent rally to an all-time high, (3) the +100 ton increase in LME copper inventories to a 4-3/4 month high of 353,325 tons, which indicates adequate supply and slack demand, and (4) scant inflation pressures which may limit gold demand after Sep CPI fell -1.3% y/y, its seventh consecutive year-over-year decline. Bullish factors included (1) the unexpected drop in weekly US initial unemployment claims to a 9-month low and the unexpected surge in the Oct Em pire manufacturing index to a 5-1/2 year high, indicating improvement in the economy which may portend to increased industrial metals demand, (2) the prediction from CPM Group that gold will rise to $1,200 an ounce by year-end as the dollar extends its slump, and (3) a possible reduction in global copper supplies after the statement from BHP Billiton that it will stop production of refined copper at its Spence copper mine in Chile as a strike by its workers there entered a third day.
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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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