What’s Up, What’s Down: Treasuries Strong, Gold Displaying Small Bull Pennants

Comments for Friday, September 11, 2009

Looking Ahead to Today by Reflecting Back at Thursday’s Price Action


Higher close yesterday for silver while slightly lower for platinum, copper and gold. All of the metals continue to be in uptrends with gold and silver in small BULL FLAGS. Copper and platinum also continue to be strong with nothing affecting these metals after closing down.

Gold Chart

Silver Chart


Higher settlement Thursday for the bonds and notes while lower for the eurodollar. The eurodollar settled slightly lower in a very bullish market while the bonds and notes had strong closes higher keeping my buy signals in tact and looking like, especially the notes, that they will take out their last highs.

Treasury Chart

Free download of “25 Proven Options Strategies” available at: https://www.zaner.com/3.0/ljs1.asp.

See the balance of my morning comments, including the Metals, Softs, Energies and Grains, at my website. For my complete coverage, visit my commentary page at www.markethead.com.

Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. If you would like a free booklet explaining the charts mentioned above, email Rick at ralexander@zaner.com.