• 5 minutes China Faces Economic Collapse
  • 8 minutes ZeroHedge: Oil And Gas Bankruptcies To Accelerate As $137 Billion Debt Matures Over Next Two Years
  • 11 minutes Trump Will Win In 2020
  • 14 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 18 mins The Belt & Road Initiative: A Wolf in Sheep's Clothing?
  • 2 hours How OPEC and OECD play their role in setting oil price in light of Iranian oil sanction ?? Does the world agree with Iran's oil sanctions ???
  • 49 mins Democrats and Gun Views
  • 3 hours Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 2 hours Cost of oil
  • 9 hours Swedish Behavioral Scientist Suggests Eating Humans to ‘Save the Planet’ from Climate Change. What could possibly go wrong?
  • 10 hours Trump Orders Biofuel Boost
  • 14 hours Buy Oil Monday?
  • 5 hours Iran says tanker oil sold at sea, buyer sets destination
  • 16 hours Long Range Attack On Saudi Oil Field Ends War On Yemen
  • 10 hours “Who’s going to bail out the Central Banks?”
  • 13 hours Used Thin Film Solar Panels at 15 Cents per Watt
  • 13 hours Green New Deal Preview in Texas Town
Alt Text

How To Play A Recovery In Oil Prices?

A realistic correction in the…

Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Matthew Bradbard

Matthew Bradbard

I have over 1 decade of experience in the Commodities industry. Managing my own IB for over 5 years and my own CTA for fifteen…

More Info

Premium Content

Daily Gold Update - 04.12.12

I had previously predicted the gold market to correct and to date the market is cooperating trading lower by approximately $55/ounce in the last 2 weeks. Perhaps a bigger development is a trade under that psychological $1700 level and as one can see on the chart above we are probing the 100 day MA; identified by the red line.  Also February futures may be breaching a trend line that has held since midsummer.

Daily Gold Update - 04.12.12

There is plenty of Central Bank activity as the RBA cut rates to 3.0% today while the BoC left rates alone at 1.0%. Still on the docket this week we have an ECB meeting and the BoE not to mention a jobs number to round out the week. Why I bring this up is any surprise could cause increased volatility. My stance remains the same more depreciation in metals as my target in gold remains a trade under $1670 and as for silver a trade closer to $31/ounce. The 100 day MA in March comes in at $31.68.

My favored play in both metals is back ratio spreads. Those braver than I could have short futures positions but I would hedge them off with the purchase of call options or the sale of put options. Once we get the anticipated washout if it plays out I am eager to be a buyer for clients from lower levels…stay tuned.

Traders out there should contact me to get a game plan on the next long entry as I view it as an exceptional longer term swing trade opportunity.

To discuss in more detail this chart or any other you can reach me at:

mbradbard@rcmam.com or 954-929-9997

Risk Disclaimer: The opinions contained herein are for general information only and are not intended to provide specific investment advice or recommendations and are not tailored to any specific’s investor’s needs or investment goals.  You should fully understand the risks associated with trading futures, options and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice.  Past performance is not necessarily indicative of future results.




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play