The decision by Larry Summers – announced yesterday – to remove his name from consideration for the job of Federal Reserve Chairmen has sent the overnight markets into a bullish tizzy. E-mini S&P 500 futures… Read More
Take Initial Risk “Off the Table” in Silver
Silver’s big, upside breakout continued yesterday as prices soared more than $1.00 per ounce, propelling the poor man’s gold halfway to our original price target of $25 per ounce. If you followed our suggestion 4… Read More
Buy Signals in Gold and Silver
Gold and silver bulls have been frustrated by the “disconnect” between bullish underlying market fundamentals and bearish price action. The bullish arguments for gold and silver have been reported heavily in the financial press and… Read More
Exit Bull Call Spreads in Soybeans
Let’s use today’s bounce as an opportunity to bid adieu to the long side of this market. If you own the November $13.40 / $14.00 bull call spreads we suggested buying three weeks ago, the… Read More
Sell British Pound
We expect a weak economy and fragile banking system will keep the pressure on British interest rates for the rest of the year and have been patiently waiting for the British pound to give us… Read More
Is It Finally Time to Buy Gold?
A higher close today will mark the first buy signal we’ve seen in gold since the Midas metal’s big April swoon that took prices from $1,550 per ounce to last month’s low of $1,182. If… Read More
Exit Sugar Puts & Buy Coffee
The time has come to lift the put leg of the October $19.50 / $16.50 call / put “strangles” we suggested purchasing for 60 points ($672) or less back in April (Vol. 19 #10). We… Read More
Chart of the Month Says “Buy Gold, Sell Crude”
Commodities do not always move together. Gold and crude oil moved in virtual lockstep until 2011 when they began to diverge dramatically. Gold was the initial beneficiary, soaring while crude oil tanked. The opposite is… Read More
Use Big, Corrective Rally to Re-Sell Euro
We suggested exiting half of our bearish September put spreads in the euro two days ago because prices were oversold and testing good support. The chart said, “be careful,” and we were. What we did… Read More
Buy Back (Cover) Bullish Short Put Spreads in RBOB Gasoline & Get Long Soybeans
Three weeks ago OE suggested selling (shorting) August $2.85 / $2.90 put spreads for 250 points ($1,050) to establish a bullish position based on 2 major factors: 1) a solid technical buy signal and 2)… Read More