Alex: April fool? April gold broke 50-day exponential moving average on Monday. Target: 278
(From Stockhouse Reports: stockhouse.com
FUTURES TRADING: Cyriuss Investor
Update: Coffee, Silver, NEW: Gold(SHORT), Copper(LONG),Soyabeans LONG)
February 24, 1998
March Coffee - KCH8 - exceeded our expectations and may still head higher. However, please close out your position NOW! You have DOUBLED your money in less than one week.
March Palladium - PAH8 - has recovered most of its downturn. Take a small loss or your small profit, if you bought at the low, and move on.
March Wheat - WH8 - performed as expected. Entry point given at 319.50 in the anticipation of a technical bounce. WH8 bottomed at 316, closing Monday at 325.50. Technical rally should continue to our revised target of 332.
March Silver - SIH8 - continues toward our target of 611. Sit tight and continue enjoying your profits. For the more aggressive speculator, add more to your SHORT position at 630.
NEW SPECULATIONS:
For the high net-worth, sophisticated and liquid speculator, the following may be of interest.
Commodity: APRIL GOLD
Exchange: COMEX
Symbol: GCJ8
Position: SHORT
Entry price: 294-298
Target: 278
Rating: STRONG. April gold broke 50-day exponential moving average on
Monday. |
