Gold, Silver and Crude Oil + Copper Trading

Feb Gold futures prices Thursday finished pit trade firmer but off of the early-session high.

Prices marked a fresh 4-wk high early in the session. The Key “outside markets” were in a Bullish mode for the precious metals Thursday, a lower US Dollar index and firmer Crude Oil prices.

Now the Gold Bulls have established new Northside near-term technical momentum this week.

Feb Gold last traded + 9.00 at 1,648.60 oz.

Spot Gold was last quoted + 9.98 at $1,648.50 oz

Mar Comex Silver last traded + 0.255 at 30.145 oz.

The US Dollar index traded lower Thursday due to some better news coming from the EU that did rally the Euro currency. But the US Dollar Index Bulls still have the overall near-term technical advantage. The recent stronger USD has been less of a Bearish weight on Gold, as the precious Yellow metal has seen better safe-haven demand surface as the New Year gets under way.

Crude Oil prices traded modestly higher on the day and then faded, to below 100.00 bbl. Crude Oil will remain an important “outside market” factor for the precious metals IMO

WTI Crude Oil last traded at 98.92 -1.95 (1.96%).

There are reports of stronger physical demand for Gold, especially from Asian countries, in the New Year. Reports said with China’s Lunar New Year approaching, and with the recent declines that were seen in Gold prices, the Chinese are stepping in to buy physical Gold.

The London PM Gold fixing was 1,661.00 vs the prior PM fixing of 1,634.50.

March NY Copper closed + 1,015 pts 364.75 c Thursday. Prices closed near the session high and hit a fresh 5-week high. The Key “outside markets” were Bullish for Copper Thursday, as the US Dollar Index was lower. Copper Bulls have the near-term technical advantage now and gained more upside momentum Thursday. Prices are in a 3-wk-old up-trend on the daily bar chart.

The Copper Bulls’ next upside breakout objective is pushing and closing prices above solid technical resistance at the October high of 376.80 c.

The next Southside price breakout objective for the Bears is closing prices below solid technical support at this week’s low of 337.80 c.

1st Resistance is seen at the December high of 367.40 c and then at 370.00 c.

1st Support is seen at 360.00 c and then at 358.25 c.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

Find out more about HCM Managed Funds

For More Information Contact

Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Email : info@heffcap.com

Bangkok

Suite 53 Athenee Tower
63 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Email : info@heffcap.com

New York

347 5th Avenue, Suite 1402-508 NY, NY 10016

Email : info@heffcap.com

 

 

Get the Updates Daily

Enter your email address:

Delivered by FeedBurner

Brokerage, Investment Management, Investment Banking, Emerging Markets Specialists

Managed Trading Account with Integrity and Stability

Eliminate concerns about Stock Market Downturn, Real Estate Downturn, Bernie Madoff’s, Current Events and Diversify at the Same Time;

THE BEST OVERALL MANAGED ACCOUNT SOLUTION, FIND OUT WHY, CONTACT US TODAY

Now is the time to get professional portfolio management services with HCM. Reap the benefits of proper international diversification and positioning in the global market place, with a high degree of customer service.

Our Managed Account Program accommodates those investors who wish to allocate a portion of their risk capital to managed hedge funds.

Find out why we are at the top, select the right investment for inclusion in your portfolio, to receive information and/or get started Click Here

Lower the Exposure of Your Portfolio to the Risks of the Global Marketplace.

Did you know? Major banks around the globe are weighing heavier on relatively shorter term trading speculation than the traditional lending-borrowing business.

Profits can be made on a falling market (by selling short) just as easily as buying a rising market, in addition, derivatives and CFD trading allows profits to be compounded monthly. Let us put the world’s most liquid, but least understood market, in your financial arsenal.

Global Portfolio and World Events

Do you have your portfolio directly linked to the economy?

• Equities
• Interest Rates
• Real-Estate

Which investment benefits are You lacking?

• Recession Proof
• Inflation
• Full Transparency and Audit Trail

Select the right investment for inclusion in your portfolio,to receive information and or get started Click Here

Managed Trading Account

You have a choice. There is No need to own “Companies” .There is No need to own illiquid Company stock, funds or Real Estate”. Do you have your portfolio directly linked to the economy? Or Worse just the Stock Market or Real Estate? Get a Liquid, Transparent/Separately Managed Liquid,Alternative Investment Account in Your Name , where money management, along with capital preservation and liquidity are most important.

Features:

• Professionally supervised by traders
• Risk/Money management (very important to us)
• Trades only occur with the most liquid spot markets
• High degree of liquidity
• Excellent Risk-to-Reward ratio
• Profits possible regardless of direction of the market
• Portfolio diversification: currencies, commodities, stocks, bonds, mutual funds, ADRs

Benefits:

• No one can withdraw funds other than the client
• The clients deposit direct to custodian
• The trader can only trade
• The investor’s funds remain in the client’s OWN NAME.
• The investor’s funds are held by an independent institution .
• Clients have direct access to their account, 24 hours a day

Our Goals For You:

• Capital Preservation
• Income Generation
• Security
• Quality Service
• Planning for the Future

Select the right investments for inclusion in your portfolio, to receive information and or get started Click Here

Your use of any of the Websites or any of the Services (defined below) constitutes your agreement to be bound by and comply with the Website Terms and Conditions and your consent to the collection, use and disclosure of personal information as described in the Privacy Policy. If you do not so agree and consent, you are not authorized to visit or use our Websites or the Services.

Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. You must also accept that opinions on stock markets change minute to minute, opinions expressed my change at any time without warning. Opinions maybe influenced by ad sales and other financial consideration. This site does not offer any assistance in making financial decisions.

Read the Terms of Service

Posted by Shayne Heffernan on Jan 12th, 2012and filed underCopper, Gold, Latest News, Metals, USA.You can follow any responses to this entry through theRSS 2.0Responses are currently closed, but you can trackback from your own site.