Saturday, February 28, 2015

Weekly Gold and Silver Market Recap with Mike Seery for Week Ending Friday February 27th

It's time for our trading partner Mike Seery to give us his weekly call on commodities [including where to place your stops] and especially coffee and sugar. Mike has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Gold futures in the April contract are currently trading at 1,212 up around $3 an ounce while settling last Friday at 1,205 finishing up $7 in a relatively quiet trading week. Gold futures are trading below their 20 and 100 day moving average as I’ve talked about in many previous blogs I do think gold is now being used as a currency due to the fact that the Euro currency and many foreign currencies are absolutely falling out of bed as interest rates in many countries have gone negative so who wants to place money into a bank and lose money as investors are looking at gold which has no dividend but still it’s better than a negative return.

Volatility in many of the commodity markets is very high at the current time especially the precious metals and I expect that to continue despite the fact that the U.S dollar hit an 11 year high continuing its secular bull market in my opinion as I do think 100 is on its way in the next several months as the United States economy is doing much better than any economy worldwide. Gold futures have rallied from a contract low of 1,130 all the way up to about 1,310 in the last several months as I’m sitting on the sidelines waiting for better chart structure to develop as money is moving back into the S&P 500 sending prices to all time highs as I don’t see any reason to own gold despite all of the worldwide problems.
Trend: Lower
Chart Structure: Solid

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Silver futures in the May contract are up $.5 this Friday afternoon in New York currently trading at 16.66 an ounce settling last Friday at 16.32 finishing up about 40 cents for the trading week with extreme volatility so make sure that you use the proper amount of contracts risking only 2% of your account balance as I like to trade the mini contract which is $10 a cent versus $50 a cent on the large contract as high volatility has also entered the S&P 500 and the currency markets in recent weeks.

As I talked about in previous blogs I believe silver is now being used as a currency due to the fact that interest rates around the world are so low that investors are looking at silver as a currency replacing traditional paper currencies as nobody wants to own anything in Europe. Many of the commodity markets continue to head lower however silver remains choppy at the current time as I am still recommending investors to sit on the sidelines and wait for a trend to develop.
Trend: Mixed
Chart Structure: Solid


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Just Click Here for his calls on Coffee, Sugar, Cotton, Soybeans and More.



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Monday, February 23, 2015

Free Webinar: How You Generate Consistent Trading Results in Today's Markets

Our trading partner John Carter is back this Tuesday February 24th with another one of his wildly popular free trading webinars. This time John will be covering his trading strategy using "premium decay".

If you have attended one of John's free webinars you know that he has a unique ability to give traders that "over his shoulder" view of how he performs these trades making it very easy to understand.

Best thing of all though, he shows us how this can be done in any size account. Limiting brokerage fees so we can make money even in small accounts.

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In this free webinar John will discuss....

  *  Why trading options are perfect for newbies, retirees, part time traders, and full time traders

  *  Why options are safer than trading stocks, futures or forex while holding on for bigger winners

  *  One strategy he uses for consistent trading results that you can use the next trading day

  *  The brain dead rules to follow so you can know exactly how to trade this one set up for consistency

  *  How traders get sucked into buying the wrong stocks at the wrong price so you never get suckered into a trade again

      And much more….

Johns webinars are highly attended and usually have a waiting list at start time. Get your seat now then make sure you log in 10-15 minutes early on Tuesday evening to make sure you keep that seat.

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John has provided a great free video primer for this webinar.....Watch it Now

See you Tuesday!
Ray @ the Gold ETF Trader



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Sunday, February 22, 2015

Weekly Gold and Silver Market Recap with Mike Seery for Week Ending February 20th

We've asked our trading partner Michael Seery to give our readers a weekly recap of the futures market. He has been a senior analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Here's Mikes call on gold and silver. Read more of his calls for this week by visiting here.

Gold futures in the April contract settled last Friday at 1,227 while currently at 1,207 down about $20 for the trading week still trading below their 20 & 100 moving average telling you that the trend is to the downside as prices have hit a 6 week low. I am currently sitting on the sidelines awaiting better chart structure to develop as investors continue to put money into the equity market as gold seems to be entering into a bearish trend once again in my opinion.

The next level of major support is around the 1,180 level and if that level is broken I would have think that a retest of the contract low which was hit in early November 2014 could be in the cards so keep a close eye on this trade because a trade could be coming if chart structure improves and that could happen next week.

Problems around the world seem to be out of the lime light at the current time as I don’t see any real reason to own gold as I remain bullish the S&P 500 as the U.S dollar continues to hover around 11 year highs as I think the dollar is in a secular bull market for some time to come as Europe’s economy is not as strong as the United States as that’s also a negative fundamental influence on gold prices.
Trend: Lower
Chart Structure: Poor

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Silver futures are trading below their 20 & 100 day moving average continuing its bearish trend hitting a 6 week low as I am currently sitting on the sidelines waiting for better chart structure to develop. Silver prices settled last Friday around 17.30 while currently trading at 16.35 down about 95 cents for the trading week as the trend still remains choppy in my opinion.

Silver prices topped out around the 18.50 level last month as we might be on the sidelines for some time as I would like to see lower volatility as well as a possible retest of 15.50 could be underway and if you are bearish silver prices my recommendation would be to sell at today’s price while placing your stop loss at the 10 day high of 17.40 risking around $1,100 per mini contract plus slippage and commission however I am watching this market at the current time.
Trend: Choppy
Chart Structure: OK

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Thursday, February 19, 2015

Simple Strategy Alert: Premium Decay

We all think we know what premium decay is right? Well, I thought I knew how it worked until I watched this new video from our trading partner John Carter of Simpler Options. I never knew just how powerful and simple it was to apply knowledge of the decay principal to trading options.

Basically it's a way to insure the health of your portfolio even in an unhealthy market.

In this free video John shows us a simple and effective strategy for using premium decay, but he also shows you his strategy to make money on a stock whether it's going up or down.


Here's a sample of what John will share with us.....

  *  How to “control” stocks for a fraction of the price so you don’t risk all your capital - How you can
      generate consistent returns being dead wrong

  *  What “premium decay” is and how you can use to it to give yourself an edge in trading

  *  How you can set up occasional home run trades while generating consistent returns

  *  A handful of the key stocks I look at every day so you don’t go bug eyed looking for stocks to trade


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John Carter has become well known for his wildly popular free options trading webinars and his free options trading eBook that changed the way traders looked at options trading in 2014.

Download the free eBook HereWhile you still can!

Sunday, February 15, 2015

Weekly Gold and Silver Markets Recap with Mike Seery

It's time for our weekly commodity futures recap with our trading partner Mike Seery. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets. And 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 in the April contract are up $13 this afternoon in New York currently trading at $1,233 an ounce after settling last Friday around $1,235 basically unchanged for the trading week still right near 4 week lows is I’m recommending investors to sit on the sidelines in this market as the trend is currently mixed. Gold futures are trading below their 20 but just barely above their 100 day moving average as the S&P 500 had a terrific week as the Dow Jones cracked 18,000 to the upside as that’s where the interest lies currently as the next major level of support is between $1,180 – $1,220 but sit on the sidelines as the chart structure is absolutely terrible at the current time.

If you have followed any of my previous blogs I constantly stress the fact to avoid markets that are choppy as I think the success rate is very low unless you are some type of day trader but I hold positions overnight so look for another market that is beginning to trend and keep an eye on gold as I don’t think we will be trading this market for quite some time. The U.S dollar is still right near 11 year high and that’s always pessimistic commodities in general especially the precious metals but at the current time I just don’t have an opinion on this market as I think we will chop around in the short term.
Trend: Mixed
Chart Structure: Poor

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Silver futures in the March contract are up $.55 this afternoon still trading below their 20 but above their 100 day moving average telling you this trend is mixed as I’m also advising traders to sit on the sidelines in this market as we were stopped out at the 2 week low around 16.71 last Friday as this market remains extremely volatile but prices continue to move sideways. Silver prices settled last Friday at 16.70 currently trading at 17.35 up about $.65 an impressive week in my opinion as many of the commodity markets are sharply higher today due to the fact that crude oil is up another $2 which is beneficial and supportive to many commodity prices thinking that the giant bear markets might be finished.

As a trader I’m always looking for a breakout but at the current time silver looks like it’s in a bottoming pattern in my opinion with no breakout occurring as the real level that you want to look at is 18.50 if prices break above that level I would be recommending a bullish position but at the current time the chart structure is poor so look elsewhere. The one bullish fundamental reason for silver to move higher is the fact that it’s used in electronic components and that business is going to be here for a long time to come so theirs actual demand for silver unlike gold which is just primary used in jewelry as the electronic market should get larger and grow exponentially over the next 10/20 years in my opinion.
Trend: Mixed
Chart structure: Poor

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