Commodity Trade Mantra

Posts Tagged ‘Chart Analysis’

Gold And Silver Prices: End Of Month Chart Analysis

Silver is trading at a loose support level in that it has not moved under the Dec low. That is where the last low occurred in Feb 2010 before the rally up to the $50 level. Given Thursday’s assault to push price lower, silver responded well. Fact that silver prices rallied off the low shows buyers offering some degree of support.

Enormous Bullish Gold Bet was just made with Call Options

Someone made a huge Gold bullish option bet & purchased 40,000 Mar 2015 GLD gold call options. The strike of the call options was $120. If the price of GLD reaches the range $130-$135 before expiration, this trader will make between 300% and 600% of his investment or $20-$50 million net profit.

follow us

markets snapshot

Market Quotes are powered by

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook