Has the day of vindication finally arrived? I have been warning of prices being overextended to the upside for several weeks now.
Is the S&P Overextended?
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Bullish or Bearish in Natural Gas?
I was waiting for further evidence if traders should be positioned in bullish or bearish trades in natural gas.
Should We Expect Money to Flow into Treasuries?
The fluctuation in yields has been similar to watching paint dry in the last three weeks
Range-Bound Crude Oil
For the last three weeks Crude oil has been range bound trading in a $3 range, which, for this commodity, is flat.
Monthly Look at the S&P
YTD the S&P is higher by just better than 6% as futures have moved just under 100 points in the last 6 weeks
Gasoline Futures Moving Upward
In the last three weeks, RBOB futures have appreciated 30 cents or 11% putting prices over $3/gallon
Silver Is Moving On Up
Silver in the last five weeks has picked up just better than $2/ounce lifting price to its 50-day MA.
Drop in Crude
In the last six weeks crude oil has appreciated H/L 13.7%. Prices did get within $2 of $100/barrel but fell shy and it appears prices are starting to roll over.
Natural Gas Prices Ramping Up
Natural gas prices have started to ramp up on what I think should be the beginning of the next up leg. In March futures as seen in the chart above prices have moved nearly 20 cents after setting an interim bottom 1 week ago.
Will Gold Shine in 2013?
For gold to shine in 2013, we must see the market accept that the prospect of inflation is likely.
Learning from Mistakes on S&P Futures
In the last two and a half months, the S&P has advanced 12% lifting prices to five year highs above 1500 in March futures.
60 Minute Platnium
I am going to do something a little different today as opposed to a daily or weekly chart, above you will see a 60 minute chart of platinum.