* Re: One never knows. ntr
billy r  -  Thursday at 1:05 AM

LOL hayseed .. one of the funniest movie of all times...love the campfire scene LOL !!!!!

* Re: America's infrastructure/NTR?
edward dwyer  -  Thursday at 12:41 AM

From his observation this mob had better extract the digit .....

You might wanna put ya shades on before U click onto this article (gg!!) {you have been warmed}

http://www.alternet.org/story/148106/michael_moore...

* Re: One never knows. ntr
hayseed  -  Thursday at 12:09 AM

maybe they even have badges... http://www.youtube.com/watch?v=-lj056ao6GE&NR=1

* Re: America's infrastructure/NTR?
Jean N.  -  Wednesday at 11:56 PM

LOL! He obviously feels the same way about the DC crowd. (Does he not realize he's part OF the DC crowd?) Birds of a feather, don't cha know.

http://www.vanityfair.com/online/daily/2010/08/can...

* Pastor Terry Jones / NTR
Jean N.  -  Wednesday at 11:42 PM

Ya think he'll carry through on the burn? (G)

Personally, I believe he has the right.

I've been waiting for him to ask what the difference is between him burin' the Quaran, in his own country & the military killin' Muslims by the 1,000's...in THEIR own country. They can come here and kill a slew of non-Muslims & he's catchin' he** for even thinking of burning their "bible"?

* Re: Any wheat from FRANCE?
apprenticeII  -  Wednesday at 11:28 PM

I do not have any idea how much wheat France could export. I do remember the river flooded over its banks in France and Germany last Spring. The flood should have dimished the quanity they could have had to harvest from the low lands near the main river.

I wonder what Egypt paid the French for what grade of wheat?
lol

* bond bubble sentiment all over
susan  -  Wednesday at 11:26 PM

IBM div is higher than its bnd yield..

sentiment extremes..

1959, stk yeilds finally dropeed under BND yields,

did taht mean, buy bnds? NO it menat buy stks..

* Re: Any wheat thoughts- yes
susan  -  Wednesday at 11:20 PM

thewre is too much vs price

cover shirts when russia opns exports

* Re: bill gross the socialist
susan  -  Wednesday at 11:19 PM

no ,, he is looking out for himself

a crock....

sec will take him in

* Visual Guide to Deflation
Jean N.  -  Wednesday at 11:07 PM

IMO, a pretty cool question & answer session. (G)

http://www.ritholtz.com/blog/2010/09/visual-guide-...

* Re: America's infrastructure/NTR?
edward dwyer  -  Wednesday at 11:04 PM

He may as well head in that direction after he supposedly made the stmt that the AWU could U know what itself .... Michael Moore's profanity laced reply to Rahm was a lesson in history of how the middle class was established in the US

* Re: America's infrastructure/NTR?
Jean N.  -  Wednesday at 10:50 PM

Ya think Rahm will be your next mayor? (G)

* Re: America's infrastructure/NTR?
JulieH  -  Wednesday at 10:43 PM

Sorry Jean we don't have the money we spent 1.5 trillion in Iraq and Afghanistan. Or more to the point, some companies made that much.

* One never knows. ntr
JulieH  -  Wednesday at 10:41 PM

* SI
Beck  -  Wednesday at 10:38 PM

silver could be toast here - imho
w-%R over 20.0 for ten days look.
she needs a little rest, pillow @ 1910 - visual est.

* America's infrastructure/NTR?
Jean N.  -  Wednesday at 10:36 PM

http://www.infrastructurereportcard.org/states

Lotsa reading, if'n yer inclined. (G)

* Julie? Industry police?
hayseed  -  Wednesday at 10:17 PM

From post below. They dont hang around "chat rooms" looking for stuff?? or do they??

* Re: Slump likely in iron ore demand
edward dwyer  -  Wednesday at 10:09 PM

The Govn't have been in the process of trying to shutdown the older less energy efficient mills according to the official language.

These older mills have been in direct competition with the State Owned Enterprises when they are buying on the spot market to guarantee supply of ore, forcing up prices .... particularly when the SOEs with the help of the central Govn't are actively engaged in trying to force prices down.

The problem for the Govn't, is the more they try to interfere in the market the closer the producers move to the spot market mechanism of pricing. As it is now pricing has moved down to three month contracts due to interference from the central Govn't.

* Re: Julie, the power of corn syrup.ntr
18w  -  Wednesday at 10:02 PM

everyones fat because of the stuff, kidds have learning problems because of the crapp.

* Not true... NTR
Craig Clark  -  Wednesday at 10:00 PM

They only hate you because they are jealous of your extreme modesty.

* Watch These Sites
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* Ten jobs categories that will not recover ?
Jean N.  -  Wednesday at 9:54 PM

Sort of a "fun" read, IMO, of course.

http://247wallst.com/2010/09/07/the-ten-american-i...

* Fancys him self as a tzar
mst  -  Wednesday at 9:25 PM

we can be the socialist .

* Re: Slump likely in iron ore demand
bearjr1  -  Wednesday at 8:22 PM

a decrease in production in one area would be made up
by increases in other regions of the world.

if there is demand for steel, someone will provide the
supply.

the uncertainty does mean price should jump.

sounds to me like someone has an investment in some
producers elsewhere, and just wanted to increase the
price. spook the market. your buddy gets a big
bonus, and gives you a kickback.

* Watch These Sites
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* Re: Julie, the power of corn syrup.ntr
JulieH  -  Wednesday at 6:22 PM

No it's just that if you say something not good--even though it is proved true--you can be sued by the industry police. Not that it matters in that most folks will still consume the product.

Are you long sugar? It seems to have regained its moxy. Sadly, it's due to the flooding in Pakistan.

By the way, where is Bono and all the other celebs from music and Hollywood? This Pakistan thing is worse than Haiti.

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* Re: Julie, the power of corn syrup.ntr
rich  -  Wednesday at 5:44 PM

Boy that sounds okay with me... now you've filled my old, silly head with thoughts of a clandestine rendezvous....!

* Re: Ode to Mikempt... NTR
mikempt  -  Wednesday at 5:15 PM

You're ok in my book,we need more fun around here.The truth of the matter is,people hate me because I am a multifaceted,talented,wealthy,internationally famous genius.

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* Re: In short, welcome to 1938.
pj  -  Wednesday at 4:17 PM

One big difference, in '38 the US was one of the world's biggest creditors, if not the biggest. Now by far the world's biggest debtor.

* +58/above avg. confidence (nt)
Larry E.  -  Wednesday at 4:14 PM

* Ken Seehusens's commentary
Ken Seehusen  -  Wednesday at 4:05 PM

LIVESTOCK: October live cattle closed up $0.92 at
$97.27 today. Prices closed near the session high and saw
a corrective, short-covering bounce from Tuesday's solid
losses. Some near-term technical damage was inflicted
with Tuesday's sharp losses. However, market strength the
rest of this week would likely repair that chart damage.
The key "outside markets" were in a bullish posture for
the cattle market today, as the U.S. dollar index was
lower, while crude oil and U.S. stock index futures
prices were firmer.

September feeder cattle closed up $0.17 at $112.10 today.
Prices closed near mid-range today and did hit another
fresh three-week low. Tepid short covering was seen today
following big losses on Tuesday. Serious near-term chart
damage was inflicted Tuesday to suggest a near-term
market top is in place.

October lean hogs closed up $0.57 at $76.17 today. Prices
closed near mid-range today. The key "outside markets"
were in a bullish posture for the hog market today, as
the U.S. dollar index was weaker, while crude oil and
U.S. stock index futures prices were firmer. This market
has been very choppy recently. Bulls and bears are on a
level near-term technical playing field in hogs. However,
a bearish diamond pattern has formed on the daily chart.

GRAINS: December corn futures closed down 3 3/4 cents
at $4.62 1/2 today. Prices closed near the session low
today and saw mild profit-taking pressure. The corn
market bulls still have the solid overall near-term
technical advantage. Prices are still in a nine-week-old
uptrend on the daily bar chart.

November soybeans closed down 2 1/2 cents at $10.49 1/2 a
bushel today. Prices closed near mid-range today and hit
another fresh nine-month high. Mild profit-taking
pressure was seen today. The soybean bulls still have the
solid overall near-term technical advantage.

December soybean meal closed down $2.40 at $304.30 today.
Prices closed nearer the session low today on profit
taking after hitting a fresh 20-month high early on. Meal
bulls still have the solid overall near-term technical
advantage. A three-month-old uptrend is still in place on
the daily bar chart.

December bean oil closed down 12 points at 41.67 cents
today. Prices closed near mid-range today and hit a fresh
three-week high. Bean oil bulls still have the near-term
technical advantage. Bean oil bears' next downside
technical price objective is pushing and closing prices
below solid technical support at 40.00 cents.

December Chicago SRW wheat closed down 24 1/4 cents at
$7.11 today. Prices closed near the session low today.
Bulls still have the overall near-term technical
advantage, but prices are now back in the middle of a
four-week-old sideways trading range on the daily bar
chart.

December K.C. HRW wheat closed down 18 1/2 cents at $7.34
1/2 today. Prices closed near the session low today. The
bulls have the overall near-term technical advantage but
prices have fallen back into a four-week-old sideways
trading range on the daily bar chart.

SOFTS: October sugar closed down 5 points at 21.40
cents today. Prices closed near the session low on mild
profit taking after hitting another fresh six-month high
today. Sugar bulls still have the solid overall near-term
technical advantage.

December coffee closed down 70 points at 191.60 cents
today. Prices closed nearer the session low today on mild
profit-taking after hitting a fresh contract and 13-year
high early on. Bulls still have the solid near-term
technical advantage.

December cocoa closed up $20 at $2,742 today. Prices
closed nearer the session high today on short covering in
a bear market. The key "outside markets" were in a
bullish posture for the cocoa market today, as the U.S.
dollar index was weaker, while crude oil and U.S. stock
index futures prices were firmer. Cocoa bears still have
the solid near-term technical advantage.

December cotton closed down 58 points at 90.60 cents
today. Prices closed near the session low and saw mild
profit-taking pressure. Prices Tuesday hit a fresh 25-
month high. Cotton bulls still have the solid near-term
technical advantage. There are still no early technical
clues to suggest a market top is in place. However, the
market is technically overbought and due for more of a
downside, profit-taking correction very soon.

November orange juice closed down 40 points at $1.3815
today. Prices closed nearer the session high today in
quieter trading. Trading has been very choppy. Bears have
the slight near-term technical advantage. The next upside
price objective for the FCOJ bulls is pushing and closing
prices above strong technical resistance at last week's
high of $1.4200.

November lumber futures closed up the $10.00 limit at
$216.60 today. Prices hit a fresh two-week high and
closed locked limit up on short covering in a bear
market. The lumber bears still have the overall near-term
technical advantage. However, strong follow-through
buying on Thursday would provide the bulls with fresh
upside near-term technical momentum to suggest prices can
begin to trend higher.

METALS: December gold futures closed down $1.30 at
$1,258.00 today. Prices closed nearer the session low on
some profit-taking pressure. Early prices did hit a fresh
10-week high. Bulls still have upside near-term technical
momentum and have the solid technical advantage. Prices
are also in a six-week-old uptrend on the daily bar
chart.

December silver futures closed up 8.6 cents at $20.00 an
ounce today. Prices closed near mid-range today and hit
another fresh two-year high. The key "outside markets"
were in a bullish posture for silver today, as the U.S.
dollar index was weaker, while crude oil and U.S. stock
index prices were firmer. Silver bulls have the solid
near-term technical advantage.

December N.Y. copper closed up 235 points at 349.40 cents
today. Prices closed nearer the session high today. The
key "outside markets" were in a bullish posture for
copper today, as the U.S. dollar index was weaker, while
crude oil and U.S. stock index prices were firmer. The
bulls have the near-term technical advantage.

ENERGIES: October crude oil closed up $0.63 at $74.72
a barrel today. Prices closed nearer the session high
today on short covering. A weaker U.S. dollar and firmer
U.S. stock indexes today help support crude. Crude oil
bears still have the slight overall near-term technical
advantage.

October heating oil closed up 66 points at $2.0809 today.
Prices closed near mid-range today and hit another fresh
three-week high. Bears still have the slight overall
near-term technical advantage.

October (RBOB) unleaded gasoline closed up 71 points at
$1.9400. Prices closed near mid-range today and closed at
a fresh three-week high close. Bears still have the
overall near-term technical advantage.

October natural gas closed down 4.8 cents at $3.804
today. Prices closed near the session low today. The
bears have the solid overall near-term technical
advantage. A 2.5-month-old downtrend is still in place on
the daily bar chart.

CURRENCIES: The December Euro currency closed up
28 points at 1.2725 today. Prices closed near
mid-range today and saw short covering following
recent selling pressure. The bears still have
the overall near-term technical advantage in the Euro.

The December Japanese yen closed down 22 points at 1.1927
today. Prices closed near the session low today and saw
profit-taking pressure from recent gains. Prices today
did hit another fresh contract and fresh 15-year high.
Bulls still have the solid overall near-term technical
advantage as prices are in a four-month-old uptrend on
the daily bar chart.

The December Swiss franc closed down 25 points at .9894
today. Prices closed nearer the session low today and did
hit a fresh nine-month high early on. The Swissy bulls
still have the solid overall near-term technical
advantage. Prices are in a three-month-old uptrend on the
daily bar chart.

The December Canadian dollar closed up 101 points at
.9629 today. Prices closed near the session high today.
Bulls and bears are back on a level near-term technical
playing field amid very choppy trading action.

The December British pound closed up 137 points at 1.5470
today. Prices closed nearer the session high today and
saw some short covering. The bulls and bears are on a
level near-term technical playing field. Prices are still
in a five-week-old downtrend on the daily bar chart.

The December U.S. dollar index closed down 24 points at
82.89 today. Prices closed near mid-range today. Bulls
and bears are now back on a level near-term technical
playing field. Bulls' next upside price objective is to
close prices above solid technical resistance at 84.00.

December U.S. T-Bonds closed down 23/32 at 132 7/32.
Prices closed nearer the session low today and saw some
profit taking. Bulls still have the solid overall near-
term technical advantage. There are still no early
technical clues to suggest a near-term market top is
close at hand. T-Bond prices are still in a five-month-
old uptrend on the daily bar chart. The next downside
price objective for the T-Bond bears is closing prices
below solid technical support at 130 even.

GENERAL STOCK MARKET COMMENT: The U.S. stock
indexes closed firmer today and saw short covering.
While the months of September and October have been
historically unkind to the stock market bulls, the
indexes are starting out the month of September on
some decent footing. Bulls and bears in the indexes
are presently on a level near-term technical
playing field. The first few trading days of this
extra important month for the stock market are
slightly favoring the stock market bulls.

* Commercial Break for Futures Sponsors
MarketForum  -  Wednesday at 4:00 PM

* Re: Julie, the power of corn syrup.ntr
JulieH  -  Wednesday at 3:57 PM

I can't disagree. I would say much more and you might find it useful if we were chatting in private.

* Re: bill gross the socialist
jake  -  Wednesday at 3:52 PM

cronyists/supplysiders ARE socialistas. they havn't got any self awareness....a la susan....they LOVE gov't and everything it does...

* Re: Any wheat thoughts in light...
jtrade  -  Wednesday at 3:35 PM

StatsCanada stocks figures were higher than anticipated. All wheat stocks were 7.82 mmt vs. range of expectations of 6.5-7.4. Barley stocks were 2.583 mmt vs. 2.3-2.5 expeced. This, combined with Eqypt buying French wheat instead of US wheat, were the major factors for the sell-off. Plus long lidquidation before Friday's report and that fact that wheat is overvalued (imo) with a near record long position by funds. Wheat needs to lose value vs. corn to make sure too much livestock feed isn't switched from wheat to corn. corn stock are much tighter than wheat. just my 2 cents.

* bill gross the socialist
bearjr1  -  Wednesday at 3:34 PM

http://www.pimco.com/Pages/MrGrossGoestoWashington...

even more govt action recommended. add gross to the
long list of socialists.

* Re: Any wheat thoughts in light...
TJC  -  Wednesday at 3:27 PM

Grains may have peaked for a while. Big report friday. Might be liquidation of longs.
"Ideal" harvest weather = crop will really start to roll in. Normal harvest pressure for 3 strong harvest weeks, then up she will go
Looking for cycle lows 24/27th.

* Re: In short, welcome to 1938.
bearjr1  -  Wednesday at 3:26 PM

yes krugman is a socialist.

the miracle of the 40's? so , he considers war a
miracle?

yes,there was inflation and rationing in the 40's .
why is that good?

* Re: Julie, the power of corn syrup.ntr
rich  -  Wednesday at 3:03 PM

Sweetners made from corn are evil. Use real sugar....Sugar, it does a body good!

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* Any wheat thoughts in light...
JulieH  -  Wednesday at 1:55 PM

of this drop?

* Re: Ode to Mikempt... NTR
metmike  -  Wednesday at 1:05 PM

Bill,
The Muppet Show was awesome!!!!!

http://en.wikipedia.org/wiki/Jim_Henson

* Re: NG EIA guess
anon  -  Wednesday at 1:04 PM

+57

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* NG EIA guess
Matt  -  Wednesday at 12:33 PM

+55.

My model predicted 51 but I think some of that will be low because it includes data from 2008 when we had Gustav.

* Slump likely in iron ore demand
edward dwyer  -  Wednesday at 12:33 PM

http://www.smh.com.au/business/slump-likely-in-iro...

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* Commodity Resources
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* Ode to Mikempt... NTR
Bill  -  Wednesday at 9:24 AM

Oh Lord it's hard to be humble
When you're perfect in every way
I can't wait to look in the mirror
Cuz I get better lookin each day

To know me is to love me
I must be a hell of a man
Oh Lord it's hard to be humble
But I'm doin' the best that I can

I used to have a girlfriend
But I guess she just couldn't compete
With all these love starved women
Who keep clamoring at my feet

Well I probably could find me another
But I guess they're all in awe of me
Who cares I never get lonesome
Cuz I treasure my own company

Oh Lord it's hard to be humble
When you're perfect in every way
I can't wait to look in the mirror
Cuz I get better lookin each day

To know me is to love me
I must be a hell of a man
Oh Lord it's hard to be humble
But I'm doin the best that I can

I guess you could say I am a loner
A cowboy all locked up and proud
Well I could have lots of friends if I wanted
But then I wouldn't stand out in a crowd

Some folks say that I'm egotistical
Hell I don't even know what that means
I guess it has something to do with the way
That I fill out my skin tight blue jeans

Just funnin ya Mike!

See great performance on Muppet Show here: http://www.youtube.com/watch?v=tn1Qolv4ntQ&feature...

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* INO Morning Markets
Ken Seehusen  -  Wednesday at 7:42 AM

KEY EVENTS TO WATCH FOR:

Wednesday, September 8, 2010

7:00 AM ET. Sept 3 MBA Mortgage Applications Survey

Market Composite Index (previous 893.8)

Market Composite Index Cur Chg (previous +2.7%)

Purchase Index (S.A.) (previous 173.6)

Purchase Index (S.A.) Cur Chg (previous +1.8%)

Refinance Index (previous 5085.3)

Refinance Index Cur Chg (previous +2.8%)

7:45 AM ET. Sept 4 ICSC-Goldman Sachs Chain Store Sales Index

Chain Store Sales Index - WoW (previous +0.1%)

Chain Store Sales Index - YoY (previous +2.8%)

8:55 AM ET. Sept 4 Johnson Redbook Retail Sales Index

MoM % Change (previous +1%)

12MonChgPct (previous +2.8%)

52WkChgPct (previous +3%)

2:00 PM ET. U.S. Federal Reserve Beige Book

3:00 PM ET. July Consumer Credit

Monthly Net Change (expected -5.3B; previous -1.3B)

4:30 PM ET. Sept 3 API Statistical Bulletin

Crude Stocks (Net Change) (previous +4.77M)

Gasoline Stocks (Net Change) (previous -589K)

Distillate Stocks (Net Change) (previous -1.86M)

Refinery Runs (previous 84.8%)

The STOCK INDEXES & MARKETS http://quotes.ino.com/ex changes/?c=indexes" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=indexes

The September NASDAQ 100 was higher overnight and is poised to extend the rally off August?s low. Stochastics and the RSI are becoming overbought but remain bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off August?s low, August?s high crossing at 1918.00 is the next upside target. Closes below the 10-day moving average crossing at 1812.70 would confirm that a short-term top has been posted. First resistance is Tuesday?s high crossing at 1878.00. Second resistance is August?s high crossing at 1918.00. First support is the 20-day moving average crossing at 1816.62. Second support is the 10-day moving average crossing at 1812.70. The September NASDAQ 100 was up 6.00 pts. at 1863.50 as of 5:46 AM CST. Overnight action sets the stage for a higher opening by September NASDAQ 100 when the day session begins later this morning.

The September S&P 500 index was higher overnight as it consolidates some of Tuesday?s decline. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off August?s low, August?s high crossing at 1127.50 is the next upside target. Closes below the 10-day moving average crossing at 1071.69 would confirm that a short-term top has been posted. First resistance is Tuesday?s high crossing at 1107.10. Second resistance is August?s high crossing at 1127.50. First support is the 20-day moving average crossing at 1073.35. Second support is the 10-day moving average crossing at 1071.69. The September S&P 500 Index was up 3.20 pts. at 1094.40 as of 5:48 AM CST. Overnight action sets the stage for a higher opening by the September S&P 500 index when the day session begins later this morning.

INTEREST RATES http://quotes.ino.com/ex changes/?c=interest" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=interest

December T-bonds were slightly higher due to short covering overnight as it consolidates some of last week?s decline. Stochastics and the RSI remain neutral to bearish signaling that additional weakness is possible near-term. If December extends last week?s decline, the 25% retracement level of the April-August rally crossing at 129-23 is the next downside target. Closes above the 10-day moving average crossing at 133-10 would temper the bearish outlook. First resistance is the 10-day moving average crossing at 133-10. Second resistance is August?s high crossing at 135-19. First support is last Friday?s low crossing at 130-12. Second support is the 25% retracement level of the April-August rally crossing at 129-23.

ENERGY MARKETS http://quotes.ino.com/ex changes/?c=energy" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=energy

October crude oil was lower overnight as it consolidates some of the rally off August?s low. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 75.58 are needed to confirm that a short-term low has been posted. If October renews the decline off August?s high, May?s low crossing at 70.35 is the next downside target. First resistance is the 20-day moving average crossing at 74.52. Second resistance is the reaction high crossing at 75.58. First support is the reaction low crossing at 70.76. Second support is May?s low crossing at 70.35.

October heating oil was lower overnight as it consolidates some of last week?s rally. Stochastics and the RSI are overbought remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off August?s low, the reaction high crossing at 212.67 is the next upside target. Closes below last Tuesday?s low crossing at 198.46 would temper the near-term friendly outlook. First resistance is Tuesday?s high crossing at 210.00. Second resistance is the reaction high crossing at 212.67. First support is last Tuesday?s low crossing at 198.46. Second support is August?s low crossing at 194.19.

October unleaded gas was lower due to profit taking overnight as it consolidates some of the rally off August?s low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off August?s low, the reaction high crossing at 212.67 is the next upside target. Closes below the reaction low crossing at 198.46 would confirm that a short-term top has been posted. First resistance is Tuesday?s high crossing at 196.61. Second resistance is the reaction high crossing at 203.74. First support is last Wednesday?s low crossing at 184.50. Second support is August?s low crossing at 178.49.

October Henry natural gas was slightly higher overnight as it consolidates above broken resistance marked by the 10-day moving average crossing at 3.824. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 4.026 are needed to confirm that a short-term low has been posted. If October renews this summer?s decline, weekly support crossing at 3.225 is the next downside target. First resistance is last Friday?s high crossing at 3.946. Second resistance is the 20-day moving average crossing at 4.026. First support is last Monday?s low crossing at 3.693. Second support is weekly support crossing at 3.225.

CURRENCIES http://quotes.ino.com/ex changes/?c=currencies" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=currencies

The December Dollar was lower overnight as it consolidates some of Tuesday?s rally. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off August?s low, the reaction high crossing at 84.94 is the next upside target. If December extends last week?s decline, August?s low crossing at 80.75 is the next downside target. First resistance is August?s high crossing at 83.96. Second resistance is the reaction high crossing at 84.94. First support is last Friday?s low crossing at 82.23. Second support is August?s low crossing at 80.75.

The December Euro was slightly higher overnight as it consolidates some of Tuesday?s decline. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below August?s low crossing at 125.870 would renew the decline off last month?s high. If December renews the rally off August?s low, August?s high crossing at 133.250 is the next upside target. First resistance is Tuesday?s high crossing at 129.130. Second resistance is August?s high crossing at 133.250. First support is the reaction low crossing at 126.230. Second support is August?s low crossing at 125.870.

The December British Pound was higher due to short covering overnight as it consolidates above the 38% retracement level of the May-August rally crossing at 1.5346. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1.5495 are needed to confirm that a short-term top has been posted. If June extends the decline off August?s high, the reaction low crossing at 1.5126 is the next downside target. First resistance is the 20-day moving average crossing at 1.5495. Second resistance is the reaction high crossing at 1.5583. First support is the 38% retracement level of the May-August rally crossing at 1.5346. Second support is the reaction low crossing at 1.5126.

The December Swiss Franc was slightly higher overnight as it extends Tuesday?s breakout above the 87% retracement level of the 2009-2010-decline crossing at .9891. Stochastics and the RSI are overbought, diverging but are turning neutral to bullish signaling that additional short-term gains are possible. If December extends this summer?s rally, the 2009 high crossing at .10067 is the next upside target. Closes below the 20-day moving average crossing at .9702 would confirm that a short-term top has been posted. First resistance is last week?s high crossing at .9945. Second resistance is the 2009 high crossing at .10067. First support is the 10-day moving average crossing at .9812. Second support is the 20-day moving average crossing at .9702.

The December Canadian Dollar was steady overnight as it consolidates some of last week?s rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends last week?s rally, the reaction high crossing at 97.35 is the next upside target. Closes below the 10-day moving average crossing at 94.72 are needed to confirm that a short-term low has been posted. First resistance is Tuesday?s high crossing at 96.52. Second resistance is the reaction high crossing at 97.35. First support is the 20-day moving average crossing at 95.16. Second support is the 10-day moving average crossing at 94.72.

The December Japanese Yen was slightly lower due to profit taking overnight as it consolidates some of Tuesday?s rally. Stochastics and the RSI are diverging but are bullish signaling that a move to new highs for the year is possible in the near future. Closes below the reaction low crossing at .11655 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at .12011. First support is last Friday?s low crossing at .11747. Second support is the reaction low crossing at .11655.

PRECIOUS METALS http://quotes.ino.com/ex changes/?c=metals" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=metals

October gold was higher overnight as it extends Tuesday?s breakout above the 87% retracement level of the June-July decline crossing at 1253.30. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off July?s low, June?s high crossing at 1267.10 is the next upside target. Closes below the 20-day moving average crossing at 1234.90 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 1261.00. Second resistance is June?s high crossing at 1267.10. First support is the 10-day moving average crossing at 1246.60. Second support is the 20-day moving average crossing at 1234.90.

December silver was higher overnight as it extends the rally off July?s low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the aforementioned rally, the July 2008 high crossing at 20.800 is the next upside target. Closes below the 20-day moving average crossing at 18.867 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 20.060. Second resistance is the July 2008 high crossing at 20.800. First support is the 10-day moving average crossing at 19.464. Second support is the 20-day moving average crossing at 18.868.

December copper was slightly higher overnight as it consolidates some of Tuesday?s decline. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this summer?s rally, the 87% retracement level of the April-June decline crossing at 355.75 is the next upside target. Closes below the 20-day moving average crossing at 336.37 would confirm that a short-term top has been posted. First resistance is last Friday?s high crossing at 353.45. Second resistance is the 87% retracement level of the April-June decline crossing at 355.75. First support is the 10-day moving average crossing at 341.65. Second support is the 20-day moving average crossing at 336.37.

GRAINS http://quotes.ino.com/ex changes/?c=grains

December corn was fractionally higher overnight as it extends the rally off June?s low. The high-range close overnight sets the stage for a steady to higher opening when the day session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off June?s low, the 38% retracement level of the 2008-2010 decline on the weekly December chart crossing at 4.81 3/4 is the next upside target. Closes below the 20-day moving average crossing at 4.36 1/4 would confirm that a short-term top has been posted. First resistance is Tuesday?s high crossing at 4.69. Second resistance is the 38% retracement level of the 2008-2010 decline on the weekly December chart crossing at 4.81 3/4. First support is the 10-day moving average crossing at 4.46. Second support is the 20-day moving average crossing at 4.36 1/4.

December wheat was lower due to profit taking overnight as it consolidates some of last week?s rally. The high-range close sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends last week?s rally, the reaction high crossing at 7.65 is the next upside target. If December renews the decline off August?s high, the 50% retracement level of this summer?s rally crossing at 6.70 1/2 is the next downside target. First resistance is Tuesday?s high crossing at 7.48 1/2. Second resistance is the reaction high crossing at 7.65. First support is the reaction low crossing at 6.77 1/2. Second support is the 50% retracement level of this summer?s rally crossing at 6.70 1/2.

December Kansas City Wheat closed down 4 3/4-cents at 7.53.

December Kansas City wheat posted an inside day with a lower close on Tuesday as it consolidates some of last week?s rally. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends last week?s rally, August?s high crossing at 8.03 1/4 is the next upside target. If December renew the decline off August?s high, the 38% retracement level of the June-August rally crossing at 6.81 1/2 is the next downside target. First resistance is last Friday?s high crossing at 7.58 1/2. Second resistance is August?s high crossing at 8.03 1/4. First support is the reaction low crossing at 6.88. Second support is the 38% retracement level of the June-August rally crossing at 6.81 1/2.

December Minneapolis wheat was lower due to profit taking overnight as it consolidates some of last week?s rally. The mid-range overnight sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends last week?s rally, August?s high crossing at 8.40 is the next upside target. If December resumes the decline off August?s high, the 50% retracement level of the June-August rally crossing at 6.77 3/4 is the next downside target. First resistance is Tuesday?s high crossing at 7.63. Second resistance is August?s high crossing at 8.40. First support is the 20-day moving average crossing at 7.19 1/2. Second support is the reaction low crossing at 6.87 3/4.

SOYBEAN COMPLEX http://quotes.ino.com/ex changes/?c=grains

November soybeans were lower due to profit taking overnight as it consolidates some of the rally off August?s low. The mid-range overnight close sets the stage for a steady to lower opening when the day session begins later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August?s low, last December?s high crossing at 10.60 1/4 is the next upside target. Closes below the reaction low crossing at 9.93 1/2 would renew the decline off August?s high. First resistance is the overnight high crossing at 10.55. Second resistance is last December?s high crossing at 10.60 1/4. First support is the 20-day moving average crossing at 10.21 3/4. Second support is last Thursday?s low crossing at 10.00 3/4.

December soybean meal was lower due to profit taking overnight as it consolidates some of Tuesday?s rally. The mid-range close overnight set the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends this summer?s rally, the 50% retracement level of the 2008-2009 decline crossing at 315.90 is the next upside target. Closes below last Thursday?s low crossing at 292.60 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 307.10. Second resistance is the 50% retracement level of the 2008-2009-decline crossing at 315.90. First support is last Thursday?s low crossing at 292.60. Second support is the reaction low crossing at 288.40.

December soybean oil was lower due to profit taking overnight as it consolidates some of the rally off last week?s low. The high-range close sets the stage for a steady to lower opening when the day session begins later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends Tuesday?s rally, the reaction high crossing at 42.55 is the next upside target. Closes below the 10-day moving average crossing at 40.58 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 41.78. Second resistance is the reaction high crossing at 42.55. First support is the 20-day moving average crossing at 40.97. Second support is the 10-day moving average crossing at 40.58.

LIVESTOCK http://quotes.ino.com/ex changes/?c=livestock

October hogs closed down $1.60 at $75.60.

October hogs closed lower due to profit taking on Tuesday as it consolidated some of last week?s rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If October extends last week?s rally, the reaction high crossing at 78.45 is the next upside target. Closes below last Wednesday?s low crossing at 74.34 would temper the friendly outlook. First resistance is last Friday?s high crossing at 77.55. Second resistance is the reaction high crossing at 78.45. First support is last Wednesday?s low crossing at 74.35. Second support is the reaction low crossing at 73.15.

February bellies closed up $0.20 at $105.50.

February bellies closed higher on Tuesday and the high close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If February renews this year?s rally, weekly resistance crossing at 109.20 is the next upside target. Closes below the 20-day moving average crossing at 105.00 would confirm that a short-term top has been posted. First resistance is August?s high crossing at 108.00. Second resistance is weekly resistance crossing at 109.20. First support is the 20-day moving average crossing at 105.00. Second support is the reaction low crossing at 103.50.

October cattle closed down $2.10 at 96.35.

October cattle closed sharply lower on Tuesday and below the 20-day moving average crossing at 97.50 confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If October extends today?s decline, the 38% retracement level of the June-August rally crossing at 95.65 is the next downside target. Closes above last Friday?s high crossing at 99.55 are needed to temper the bearish outlook. First resistance is last Friday?s high crossing at 99.55. Second resistance is August?s high crossing at 99.98. First support is today?s low crossing at 96.30. Second support is the 38% retracement level of the June-August rally crossing at 95.65.

October feeder cattle closed down $2.65 at $112.43.

October Feeder cattle closed sharply lower on Tuesday and below the 20-day moving average crossing at 115.06 confirming that a double top with April?s high has been posted. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If October extends today?s decline, August?s low crossing at 111.40 is the next downside target. Closes above the 10-day moving average crossing at 115.79 would temper the near-term bearish outlook. First resistance is today?s high crossing at 115.05. Second resistance is the 10-day moving average crossing at 115.72. First support is today?s low crossing at 112.38. Second support is the August low crossing at 111.40.

FOOD & FIBER http://quotes.ino.com/ex changes/?c=food

December coffee closed higher on Tuesday as it extends this year?s rally. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends this rally, monthly resistance crossing at 19.33 is the next upside target. Closes below the 20-day moving average crossing at 17.88 would confirm that a top has been posted.

December cocoa closed lower on Tuesday and below the 10-day moving average crossing at 27.44 as it consolidates some of last week?s rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 28.14 are needed to confirm that a short-term low has been posted. If December extends the aforementioned decline, the 75% retracement level of the 2009-2010 rally crossing at 25.81 is the next downside target.

October sugar closed higher on Tuesday as it extends this summer?s rally. The high-range close set the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought, diverging but are bullish signaling that sideways to higher prices are possible near-term. If October extends this summer?s rally, the 87% retracement level of the 2009-2010 decline crossing at 21.64 is the next upside target. Closes below the 20-day moving average crossing at 19.75 would confirm that a top has been posted.

October cotton closed higher on Tuesday as it extends this week?s rally. Profit taking tempered early gains and the low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 88.23 are needed to confirm that a short-term top has been posted. If October extends this year?s rally, the 87% retracement level of 2008?s decline crossing at 95.81 is the next upside target.

* Re: Problems for the Euro zone mount again
Kimberley  -  Wednesday at 6:50 AM

It seems to be on the march again today as National Bank of Greece announces it is raisng an extra 2.8 billion Euros of capital.

Also more rumours of the European Central Bank having to step in to support government bond markets

* Re: I kow it,I see it,I feel it ,Gold
steve  -  Wednesday at 6:12 AM

what happened to that ES from last week?? ouch!!!

* Forum Futures Sponsors, courtesy Google
MarketForum  -  Wednesday at 6:00 AM

* Re: In short, welcome to 1938.
stimpy  -  Wednesday at 1:27 AM

"The story of 1937, of F.D.R.?s disastrous decision to heed those who said that it was time to slash the deficit, is well known. What?s less well known is the extent to which the public drew the wrong conclusions from the recession that followed: far from calling for a resumption of New Deal programs, voters lost faith in fiscal expansion."

The deficit in 1937 was $9 billion dollars.

Same delusional twits clamoring for fiscal restraint back then.

Sheeple proliferate.

* Re: ED, you should stick with trading
edward dwyer  -  Wednesday at 1:25 AM

ah yes, dick armey astroturfing and rove's 527s et al stirring up the wingnuts .... now that you has stirred the "base" what are U gonna feed 'em when U are back in charge of BIG GUMMINT

http://www.seattlepi.com/dayart/20090828/Cartoon20...

Drive the country off a cliff .... blokes like you/me make money either way .... I'd like to know a little before hand what size of wheelbarrow i'm gunna need to push the useless pieces of paper around in to pay for a loaf of bread (metaphorically speaking)

* Re: I kow it,I see it,I feel it ,Gold
metmike  -  Wednesday at 12:49 AM

Agree bear.
If negative divergence on the RSI or for that matter if any indicator showed divergence or for that matter many indicators all showing the same thing, predicted a future outcome with reliability, it would be easy getting rich using it/them.

If fact, one might speculate that gold did not have enough momentum to get thru the old highs on its first try and this is just a pause in the uptrend, ahead of a blast higher.

MTP is thinking that will happen. My point is not to disagree with him on where the future price of gold is going, it's to disagree with using this particular set up to buy right now.

The negative divergence is saying that buying momentum, for the moment has diminished.
This is a warning sign to the bulls....at the moment.

There are dozens of other indicators and time frames that may not line up the same way but this is the one that MTP had on his chart. That same RSI crossing over 50 is the most important thing for his secret system. Using his secret system would have netted traders some handsome rewards if they got in a month ago.
Traders using any system need to be disciplined and follow it consistently.
The entry point for the secret system was a month ago.

A bull market can have negative divergence and stay overbought for months.
The trend over the last month+ is up.
If I had to guess, I would say we will in fact break out to new highs at some point but the chart pattern to me is not one to buy right now based on the last bar and risk/reward.

With a gun to my head, I'd have to pick selling here but since I dont trade gold or use chart patterns exclusively to identify good trading opportunities, I would need more information and analysis to take either side of a trade of a commodity that has a chart pattern like that.

* Bonds again tonight
pj  -  Wednesday at 12:10 AM

http://www.youtube.com/watch?v=iWVe3AB8OY8

Good song, bad news if you're short or long TBT

* ED, you should stick with trading
mactrader  -  Wednesday at 12:07 AM

and forget about politics. You obviously can not understand what's behind the "tea party." You libs gotta be brain dead.

* Re: In short, welcome to 1938.
edward dwyer  -  Tuesday at 11:53 PM

What Killed Off The GOP Deficit Hawks?

http://www.businessweek.com/magazine/content/04_52...

Has the GOP learned from the experience other than doing everything in its power to kill off any form of recovery in the cynical use of "politics" as usual .... cutting spending programs and introducing more tax cuts/extending the Bush tax cuts for the top end of town will not induce a turnaround in the economy .....

* Re: Julie, the power of corn syrup.ntr
JulieH  -  Tuesday at 11:43 PM

That looks like Tagalog if I recall correctly.

* Julie, the power of corn syrup.ntr
hayseed  -  Tuesday at 11:40 PM

Look this...... http://www.youtube.com/watch?v=Sujv-pWFNxg&feature...

* fast eddie
billy r  -  Tuesday at 11:33 PM

...have a great trip, don't forget the oversized rubber boots for the goats..:-)..let me know when you can make it up this way...

Bill

* Re: I kow it,I see it,I feel it ,Gold
bearjr1  -  Tuesday at 11:27 PM

a negative divergence does not always end up with a
reversal.
sometimes the price and indicator both surge and
eliminate the divergence.

* Re: gold
bearjr1  -  Tuesday at 11:25 PM

i've been buying old morgans for about 13 years. is
that long term?
have not yet sold any to take profits.

* In short, welcome to 1938.
Jean N.  -  Tuesday at 11:03 PM

Then, there's Paul Krugman
http://www.nytimes.com/2010/09/06/opinion/06krugma...

* Because....
Craig Clark  -  Tuesday at 10:46 PM

By far the US is still the largest economy in the world. If the US slows other economies lose their largest customer & supplier. The US is the largest oil consumer in the world & the rest are just footnotes.

* Re: Gold *PIC*
metmike  -  Tuesday at 10:39 PM

OK, that makes more sense.
I don't know the gold market but still agree with NYPoke on it being a short set up here.
At least, there is defined risk to above resistance.

There must be a ton of buy stops up there too, which can sometimes lead to a spike thru the stops and a reversal down.

However, buying on a break out to new highs or a test of the uptrend channel is what some successful folks use to make money using defined risk/reward trades.

* Re: hey ghosT
ghosT  -  Tuesday at 10:32 PM

No combines running yet but maybe soon. The big wind we had today knocked some corn down flat. It is on some sandy ground that has suffered these last 3 weeks. Instead of letting it rot on the ground we will probably try and get it in the bin. This was our first corn and it is very close to DRY! Amazing! As for beans they are patchy so there is no one in my immediate area combining them yet. I will be chopping silage tomorrow. I am just starting now because my old harvestor needed repairs that I left until last minute. The corn I will be chopping tomorrow for a guy is way too dry. I am hoping he is not pissed off at me for making him wait. You guys getting enough rain your way? Enjoy the day. Maybe bring some heavy dinner plates as it is supposed to be windy again tomorrow Take care.

ghosT

* Re: Gold *PIC*
mikempt  -  Tuesday at 10:24 PM

What I'm saying is,we are at resistance,we need to break through 1267,which it will.The reason it will is because markets in the whole world are falling apart.

* Sun-Times Story on Data Svcs. Features Barchart
Alex McCallum, Moderator  -  Tuesday at 10:13 PM

The John Lothian Newsletter spotted this article. Thank you John.

http://tinyurl.com/24drybk

* Re: Gold *PIC*
metmike  -  Tuesday at 10:09 PM

Wow. What happened to following the rules of the secret system?

Agree with NYPoke.
Negative divergence on the RSI.
Also, RSI crossed 50 (secret system timing signal to buy) a month ago.
Also, near some tough resistance, after a pretty nice rally.
Also, where would you risk to? Where would you put a sell stop at? This is a high risk buy in many ways but the amount to logically risk in giving this trade a chance to work would be higher here than several other places over the last month.

For instance, using the RSI getting above 50, when Gold could have been bought under 1,200(using your secret system)
Or when the moving averages were tested in the 1,210 area. Or even when they turned up and or crossed over.

I have never traded gold and will never bet smart enough or know enough to trade it.
My comments are based purely on the risk/reward probability of the chart pattern/technicals and set up.

It could work for you this time but if you traded this exact same set up 100 times in a row, I'd bet the money in your account would not last that long.

* Futures Links To Try
MarketForum  -  Tuesday at 10:00 PM

* Re: Beans. Always a little leary
4speed  -  Tuesday at 9:57 PM

More B O sale today then the hole month of August.

* Re: Gold *PIC*
wayward  -  Tuesday at 9:56 PM

remember dec corn...sp, bonds? doperoper....err ropeahdopes ;-)

* Re: cotton and sugar
Beck  -  Tuesday at 9:38 PM

the cotton crop in pakistan was wiped out by flooding. chninese demand unabated.
the tarrif on brazilian ethanol will be ended. new emerging economy middle class would rather two lumps than none.

* Gold & Silver
Scutter Brown  -  Tuesday at 9:23 PM

Silver it at $19.90 as I type. When it hits $20.00 we will have a sharp correction. Good buying opportunity.

* Re: Gold *PIC*
NYPoke  -  Tuesday at 9:13 PM

That RSI has wicked negative divergence in Aug/Sept.

Gotta have a short on that one. New Price Highs, with RSI falling....a top coming.

Just my opinion.

* Re: I kow it,I see it,I feel it ,Gold
pj  -  Tuesday at 8:58 PM

Sorry, know this might hurt, but that sounds just like "W"... :)

* Gold *PIC*
mikempt  -  Tuesday at 8:57 PM

I'm out of my mind with this chart.Look what it is telling us!!! Its going to the next level,all new time high with no end in sight.Lets face it,the economy is in terrible shape.Gold is the only world hedge.Its going higher.Who care when or how long,the important information is to understand we are going higher,much higher.Its in clear view.

http://i56.tinypic.com/24qivev.jpg

* Re: hey ghosT
Farmer Ed  -  Tuesday at 8:56 PM

the women and children are safe.
however the goats and the beer are in peril.
How are things going bill?
I have been trying all summer to clear a day for a bike ride to KW, but it just hasn't happened.

Later
Ed ooout

* Who is long investor in PM? - ME!!
sailor  -  Tuesday at 8:54 PM

but I don't consider gold and silver to be a commodity ... G:)

* Re: I kow it,I see it,I feel it ,Gold
mikempt  -  Tuesday at 8:52 PM

I can't help it,I know its true

* Re: hey ghosT
billy r  -  Tuesday at 8:46 PM

..hide the women and children !!!!! gg!!

* Re: Getting toppy IMO
rich  -  Tuesday at 8:46 PM

"If you think crude will go up you have to believe in a stronger US economy.'

Why? what if USA demand is stagnant but increases in the rest of the world....?

* hey ghosT
Farmer Ed  -  Tuesday at 8:14 PM

We are heading up your way tomorrow.
going for a tour and BBQ at NLM in Wyoming.
Will we get to see any combines running????

Ed oooout

* Re: I kow it,I see it,I feel it ,Gold
metmike  -  Tuesday at 8:08 PM

Great article for you MTP:

"The Danger of Excessive Ego to Your Forex Trading"

"Humility enables a trader to maintain respect for the unknown aspect of the future direction of the market. By staying free of the need to be "right", a trader can focus on making money rather than solving a puzzle or making a prophecy that inspires awe in others"

http://www.forextradingseminar.com/blog/302/the-da...

* Watch These Sites
MarketForum  -  Tuesday at 8:00 PM

* I kow it,I see it,I feel it ,Gold
mikempt  -  Tuesday at 7:45 PM

Its going to breakout,we only need to break 1265 area,came close today.Don't listen to the press,trust you old friend,"Mikey the Most Profitable Trader."
(MPT). Gold is the only world hedge.Thanks to the republicans,we are in a deep recession.When the USA is in a recession,most of the world is in a depression.This is on a tear.Why would you believe anything else??

* Re: cotton and sugar
dank  -  Tuesday at 7:17 PM

It is very rare for cotton futures to be trading in the 90's. It is even less a probability for the Dec contract of the upcoming harvest to be trading in the 90's. Do know that this is only the third time that the December contract of the same harvest year has made it to 90 plus cents in September. (1980, 1995, 2010)

So this is unusual in that the market is trading at 90 cent level prior to harvest.

The market has visited 90 plus cents more often after harvest and after the December contract goes off the board.

So 90 cents for December contract in September implies tight supplies.

If you look at 1980 and 1995, the December contract hits its high in September and then leveled off the balance of its trading life. 2010 is a completely different year. No idea if this month we will see the highs in the Dec10 contract as was in 1980 and 1995.

Regards,
dank

* Re: gold
pj  -  Tuesday at 7:05 PM

I've been long silver since 1990. Guess most anyone would say that's long term.

* Re: me NT
IGo  -  Tuesday at 7:00 PM

* Commodity Futures Sponsor Links, from Google
MarketForum  -  Tuesday at 6:00 PM

* Re: gold
rich  -  Tuesday at 5:39 PM

"if we get a good dip, it would be a great time to buy
silver."

That's been pretty good advice for the last decade or so. Same with gold. But, who really "invests" in commodities for the long term? Anyone?

* Commercial Break for Futures Sponsors
MarketForum  -  Tuesday at 5:00 PM