Trade Mark

01-17-2019: Gold Rally May Fizzle

A recent gold rally may have appeared to have fizzled. A strengthening U.S. Dollar amid various world crises and a refusal of over-valued equity markets to change overall market sentiment, do not support gold. Neither do commercial and bank interests which appear to be hedging the bets.

Silver, which is a bit more thinly-traded and volatile is increasingly attracting investors although it is a little less "liquid." They base their optimism upon a rather defunct historic gold/silver ratio.

We see the "technicals" as favoring a difficult if not impossible climb for gold, which has disappointed investors throughout the recent bull markets globally. But central banks are beginning to revive interest in safe haven buillion.

Our recent article on Gold is in the Archives Section below.

01-19-2019: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 01/18 on the other major commodities not being currently being reviewed or traded on this site. One way to choose a commodity for review is to look at the previous activity and compare it to the present one, to see if there were any dramatic changes. Commodities currently under review on our list of about 18 on this site are not shown below. It's just a way of keeping track of what else is going on with other commodities.


Current Actvity:

Palladium            96
Oats                 80
Sugar #11            56
Soybean Meal         48
Soybeans             40
Corn                 32
Soybean Oil          32
British Pound        24
Chicago Wheat        -8
Treasury Notes        8
Eurodollars           8
S&P 500 Index         8
NASDAQ 100 Index      8
Gasoline              0
________________________

Milk Cl III         -96
Swiss Franc         -80
Platinum            -80
Feeder Cattle       -64
Euro Currency       -48
Rough Rice          -40
Coffee "C"          -32


Previous Activity:

Palladium            96
Gold                 88
Treasury Notes       64
Eurodollars          64
Oats                 56
Soybean Meal         48
Sugar #11            48
Soybeans             48
Euro Currency        32
Swiss Franc          24
Chicago Wheat        16
British Pound        16
Corn                  8
Platinum              0
________________________

Milk Cl III         -80
Feeder Cattle       -32
Coffee "C"          -24
S&P 500 Index       -16
NASDAQ 100 Index    -16
Gasoline            -16
Rough Rice           -8
The ratings are good only for date shown, and rapidly change each day, whereas we review the list only periodically. Once a commodity appears on our list of articles and is being currently traded, we consider its long-term direction has been established and trade consistently from that direction wtihout worrying about day-to-day changes. However, that procedure is not the one we use in swing trading stocks.

Archive List

01-17-2019: June Gold: Rally Suspect

01-92-2019: March Silver: On Tailwind of Gold

01-02-2019: March Cocoa: Weather and Demand Factors Compete

12-13-2018: March U.S. Dollar Index: Troubles in Other Countries

12-09-2018: March Canadian Doillar: Oil Prices and Interest Rates

12-03-2018: April Natural Gas: Fewer Degree Days, Lesser Storage

11-27-2018: March Mexican Peso: Border Crisis

11-18-2018: March Kansas Wheat: Adequate Global Supply

11-09-2018: December Japanese Yen: Weak Economy

11-01-2018: December Lean Hogs: Demand & Production Continue to Rise

10-29-2018: January Crude Oil: Over-Estimated Iran Effect

10-23-2018: December Ethanol: E-15 Blend Dominates News

10-18-2018: November Lumber: Coming Down Off a Bubble

10-10-2018: December T-Bonds: Rate Shock

10-03-2018: December Cotton: Very Oversold

09-30-2018: November Heating Oil: Imports Cut Off

09-24-2018: November Orange Juice: Production Bounces Back

09-20-2018: December Live Cattle: Hurricane, Swine Flu, Trade War, and Grain Prices

09-11-2018: December Australian Dollar: Trade Wars Depreciate Some Currencies

09-08-2018: December Hi-Grade Copper: Chinese Economy Influences Prices

Performance

Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.

All Commodities Trades: 01/02/2019 - 01/19/2019


 # Commodity           BS    Buy   Sell   Last    Gain Intended  Rough   Group
                                                 (Loss)    Risk Percent

 7 Feb Ethanol          C 125.70 129.10 127.90 $  6,692  14,819  12.9% Energies
10 Mar Australian Dollr C  71.82  72.13  71.74 $  2,800  12,000  18.4% Currency
 7 Mar Cocoa            C  23.23  23.75  23.07 $  3,430  14,980  11.8% Softs   
11 Mar Canadian Dollar  C  75.72  75.70  75.46 $   -550     220  18.4% Currency
 4 Mar Crude Oil        C  54.14  53.40  54.04 $ -3,080   2,960  12.9% Energies
 5 Mar Cotton #2        C  72.50  74.36  73.89 $  4,500  14,975   5.9% Cotton  
 8 Mar U.S.Dollar Index C  95.45  95.69  95.99 $  1,680  14,960  18.4% Currency
 4 Jun Gold             C 129.78 130.37 129.52 $  2,240  14,960  11.8% Prec Met
10 Apr Lean Hogs        L  64.29         66.28 $  7,660  14,960  11.8% Meats   
 4 Mar Hi Grade Copper  C 262.70 267.60 271.90 $  4,780  14,900   5.9% Copper  
 3 Mar Heating Oil #2   C 184.70 190.70 190.80 $  7,470  14,994  12.9% Energies
 6 Mar Japanese Yen     C  91.72  92.69  91.50 $  7,095  14,925  18.4% Currency
10 Mar Kansas Wheat     C 490.00 508.90 506.00 $  9,150  14,800   5.8% Grains  
 6 Mar Lumber           S        362.60 354.90 $  4,902  14,982   5.9% Lumber  
 9 Apr Live Cattle      C 126.47 127.29 127.38 $  2,682  14,976  11.8% Meats   
 9 Mar Natural Gas Mini C  34.06  29.90  32.39 $ -9,630   9,360   3.7% Nat Gas 
14 Mar Orange Juice     C 119.12 123.01 119.85 $  7,749  14,973  11.8% Softs   
11 Mar Mexican Peso 500 C 526.00 517.90 519.00 $ -4,785   4,455  18.4% Currency
 3 Mar Silver Mini      L  15.41         15.40 $   -165  14,925  11.8% Prec Met
 5 Mar Treasury Bonds   C 144.86 145.75 144.53 $  4,300  14,950   5.9% Finance 

            Adjustment for Open Positions: -($   12,397)

Prior to 1/14:
Other Gains/-Losses This Reporting Period:   $   82,183  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  128,706

Stocks Site.

Music of Francis Poulenc

Trading in commodities involves substantial risk and past performance is no guarantee of future profits.  Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions.  No one should follow investment advice blindly.  This web site should be used only as a "sounding board" for confirming one's own opinion.  Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders.

Recommendations may include trades which have already been made on the same or a previous day, otherwise the issue is placed on a "watch list." Suggested trades are based upon an approximate maximum $15,000 capitalization requirement per trade, depending upon initial contract margin requirements.  Zenith's actual trades may be larger.  $22 per round turn for futures is deducted from profit figures.   Commodity option trade recommendations are not tracked, but performance should parallel that of the underlying commodity's.

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