Gold Futurescast Articles

(GC) Gold, Silver Engage Critical Dec Lows, Generate Historic Pessimism; Something's Gotta Give By: RJO MRTMay 16th, 2012 9:27AM CDT Technicals, May 16, 2012; 8:15am The important by-product of yesterday and overnight's continuation of the clear and present downtrend in gold prices is the market's definition of recent corrective highs at 1564.4 and 1602.2 detailed in the 240-min chart below. Given the market's engagement of Dec'11's pivotal 1523.9 low and .... Read More

Business Spectator- Gold futures slump to fresh 2012 lows By: Bob HaberkornMay 15th, 2012 9:18AM CDT "It's like everybody's forgetting what gold actually is - a hedge against uncertainty and fiat money," said Bob Haberkorn, senior commodities broker at RJO Futures. Haberkorn said gold prices will likely test $1,550 before traders sitting on the sidelines return to the market in search of bargains. "I've talked with severa.... Read More

Kitco - METALS OUTLOOK: Europe, Global Economic Growth May Dominate Headlines Again Next Week By: Daniel PavilonisMay 14th, 2012 8:22AM CDT Daniel Pavilonis, senior commodities broker with RJO Futures, said he sees further weakness for gold. “With the J.P. Morgan news, I see it getting a lot worse (for banks)…. There’s the scare factor and I see flight to quality continuing into the dollar next week and no QE3 (third quantitative easing),” he said. To read th.... Read More

Upside Move in Gold after the Report By: Bob HaberkornMay 4th, 2012 9:31AM CDT Look to catch moves this coming week in the gold market with it currently trading close to the weekly low of the range. The recent bottom on 4/23 at 1623 does appear to be good support considering pre US Department of Labor low of 1626. Look to buy into the weekend at 1635 with a stop at 1622 or lower. Considering how weak the employment numbers.... Read More

Kitco - Market Nuggets: RJO's Haberkorn: Comex Gold Edges Slightly Higher After Mixed U.S. Jobs Report By: Bob HaberkornMay 4th, 2012 8:46AM CDT Comex gold nudged slightly higher but is not making a major push in the immediate aftermath of the monthly U.S. jobs report. Bob Haberkorn, senior commodity broker with RJO Futures, describes the data as somewhat mixed. The government reported only 115,000 new jobs were added in April, less than consensus forecasts for around 165,000. However, Habe.... Read More

Gold Getting Ready for a Move By: Eddie ModlaMay 2nd, 2012 8:59AM CDT The gold market has seen consolidation over the last 2 months with a slight downward bias after its drop off at the end of February. The ranges are getting tighter and this can be interpreted as the calm before the storm. The all important Nonfarm Payroll number to be released Friday morning is expected to give the market direction. Recent econo.... Read More

Kitco - Prices Expected For Gold Next Week After Recent Gains By: Bob HaberkornApril 30th, 2012 9:32AM CDT Bob Haberkorn, senior market strategist at RJO Futures, said given the disappointing GDP figures and the rise in unemployment claims on Thursday, some in the market are beginning to think that the Fed may have to come back with some sort of stimulus program. That supported metals. Technical-chart analysts are generally bullish on gold for next wee.... Read More

KTAR - Gold climbs on hopes of new Fed bond purchases By: Phillip StreibleApril 27th, 2012 10:25AM CDT "The catalyst for any kind of threat of an additional quantitative easing plan out of the Fed is going to be driven by a deterioration in the jobs market because that's where ... the U.S. population feels that the most," R.J. O'Brien commodities broker Phillip Streible said. To read the full article with Phil's comments, please.... Read More

Kitco - Gold Prices Choppy But Ending Day Near Steady As FOMC Reiterates Previous Message By: Daniel PavilonisApril 26th, 2012 8:33AM CDT The outlook for slight growth may have pushed QE3 “off the table a little more, but you still have stresses in regards to the EU, the U.K. in a double-dip recession, so in the long term I’m positive gold,” said Daniel Pavilonis, senior commodities broker with RJO Futures. Spencer Patton, chief investment officer for Steel Vine In.... Read More

Video - My Loans Consolidated- Gold Slows Down with China's Economy By: Phillip StreibleApril 17th, 2012 10:13AM CDT The economy of China is slowing down. For several weeks now China has shown lower GDP figures which impacts the gold market. The expanding yuan band also pushed the dollar index up which caused the gold price to go down. Watch the interview with Phil Streible, Senior Commodities Broker of RJO Futures.

Gold has some Explaining to do! By: Michael RatajApril 17th, 2012 8:28AM CDT The darling trade has suffered quite some downside over the last 2 months as gold sold off to the 1610 level. The 1630 level provides stronger support and the potential case for a bottom. If these levels don’t hold be cautious. Momentum is waning but in the past these were the spots where the market could pop. We’re currently holding.... Read More

Kitco- Technicals, Resurgence Of QE Hopes Expected To Lift Gold Prices Next Week By: Daniel PavilonisApril 13th, 2012 3:38PM CDT Daniel Pavilonis, senior commodities broker with RJO Futures, looks for gold to trade sideways or correct lower next week. While he describes himself as upbeat for the longer term, he also does not see an immediate fresh catalyst. He said he has been “extremely bullish for a long time” and anticipates continued debasing of currencies u.... Read More

Kitco- Market Nuggets:RJO Futures' Pavilonis: Comex Gold Eases As Dollar Strengthens By: Daniel PavilonisApril 13th, 2012 10:50AM CDT Comex gold is softer on a day on when there appears to be some flight to quality in the U.S. dollar, says Daniel Pavilonis, senior commodities broker with RJO Futures. As of 11:01 a.m. EDT, June gold was down by 8.60, or 0.5%, to $1,672 an ounce. The euro was down to $1.3087 from $1.3186 late Thursday. Equities were also lower, as were base metals .... Read More

QE3 Would Make Gold Glitter By: Tom FeeneyApril 12th, 2012 12:37PM CDT Will they, won’t they? That is the daily debate if the Federal Reserve will implement another round of monetary stimulus. With tepid job growth from Friday’s nonfarm payroll number and today’s higher than expected jobless claims and the talk of QE3 will bring out the cry from the doves like Janet Yellen to expand the Fed’s .... Read More

Trading Gold Ahead of the Fed Announcement By: Bill DixonApril 3rd, 2012 12:10PM CDT After beginning the year with a huge move to the upside, gold has spent the past month working its way lower. The market now finds itself in a well established downward channel with several closes below the 200-day moving average. Barring a statement from the Fed today that hints at more easing, I believe the technicals and lack of bullish fundam.... Read More

CNBC-Manufacturing hopes push metals prices higher By: Matthew SchillingApril 3rd, 2012 10:22AM CDT Metals prices rose Monday, helped by an encouraging report about U.S. manufacturing. The higher prices could also be a sign that investors are putting their money into metals because they view them as a haven from the falling dollar, said Matthew Schilling, a commodities broker at RJO Futures in Chicago. Investors also appear to believe that the .... Read More

Catch the Gold Heading Lower By: Tim HaberkornApril 3rd, 2012 10:09AM CDT In pointing out the seasonal trade that I follow every year, gold has its weakest month in April due to profit taking by investors to pay annual tax bills. Gold demand is also historically weak during the month of April, I would look to sell the futures today if possible or sometime this week before it starts to decline. Look to sell the gold at 16.... Read More

Kitco - Major Of Survey Participant See Gold Rising Next Week By: Phillip StreibleMarch 30th, 2012 2:33PM CDT Phil Streible, senior commodities broker at R.J. O’Brien, also offered a firmer outlook based on technical charts. “Gold prices should start to rally after holding key levels at $1,650 and $1,635, we would expect resistance near $1,680 the 200-day moving average and $1,700 (the psychological level),” he said. To read the full art.... Read More

Financial Post - Gold posts biggest gain in a month By: Phillip StreibleMarch 23rd, 2012 10:54AM CDT “We are seeing a dollar play today, and commodities across the board are rising,” Phil Streible, a senior commodity broker at R.J. O’Brien & Associates in Chicago, said in a telephone interview. “Some people are also trying to reassess the Chinese data and expect their demand for commodities to rise.” To read the .... Read More

(GC) Gold Correction Continues By: RJO MRTMarch 14th, 2012 9:23AM CDT Technicals, March 14, 2012; 8:55am Today's clear break below 06-Mar's 1663.4 low reaffirms the developing downtrend first signaled by 29-Feb's mo failure below 16-Feb's 1706.7 corrective low shown in the daily log chart below. But perhaps the most important by-product of this latest spate of weakness is the market's definitio.... Read More

BusinessWeek - Gold Extends Slump on Signs Fed Won't Expand Stimulus By: Phillip StreibleMarch 14th, 2012 8:32AM CDT “This is a big disappointment for gold investors who are anticipating additional stimulus,” Phil Streible, a commodity broker at RJO Futures in Chicago, said in a telephone interview after the Fed statement at 2:15 p.m. “People are still favoring the dollar.” To read the full article with Phil's comments, please go to B.... Read More

Video - SFO Magazine - Be Patient With Gold-A Better Entry Point May Lie Ahead By: Kevin CraneyMarch 7th, 2012 2:42PM CST Wed March 7 1:15 p.m. CT—April Comex gold futures bounced modestly Wednesday, following the massive price plunge over the last week. Watch the video as RJO Futures Senior Broker, Kevin Craney discussing the gold market with Kira McCaffrey Brecht, managing editor at SFO.

Nasdaq - PRECIOUS METALS: Platinum Ends At 5-Month High, Gold Rallies By: Bob HaberkornFebruary 23rd, 2012 8:35AM CST "There's major support that's formed" under the gold price, said Bob Haberkorn, senior commodity broker with RJO Futures. "We've convincingly traded through $1,750. It's showing [that] traders and investors out there are basically going into safety." To read the full article with Bob's quote, please go to nasdaq.... Read More

The Street - Gold Prices Gain on Greek Debt Deal (Update 1) By: Phillip StreibleFebruary 9th, 2012 8:59AM CST On the one hand, if Greece is forced to leave the euro the currency could rally, "it's like trimming the cancer off," says Phil Streible, senior commodities broker at RJO Futures, and would most likely support gold. Although if risk appetite returns in full force, gold might be forgotten as a safe haven asset. If Greece leaves the euro .... Read More

(GC) S-T Mo Failure Interrupts Gold Rally, Defines $1,765.9 Interim High, Risk By: RJO MRTFebruary 6th, 2012 11:19AM CST Technicals, February 6, 2012; 7:05am The gold market's failure Fri and overnight below some recent short-term corrective low detailed in the 240-min chart below certainly stems the recent rally and exposes an interim correction. As a direct result of this short-term weakness, the market has defined Fri's 1765.9 high as one of developing i.... Read More

The Street - Gold Prices Gain Despite Firmer Dollar (Update 1) By: Phillip StreibleFebruary 3rd, 2012 8:30AM CST "Over the past few months, we've see domestic and international bank continuously adding to their short position in gold," says Phil Streible, senior commodities broker at RJO Futures. "I would expect with the recent $100 move higher, the actions by the Fed and the inability [for prices] to stay below the 200 day moving average for .... Read More

(GC) Gold Bull Developing Nicely, But Range-Center Warrants Tighter Risk Policy By: RJO MRTJanuary 31st, 2012 9:32AM CST Technicals, January 31, 2012; 7:40am Since the early days of Jan and as detailed in 03-Jan's Technical Webcast, we've been discussing the gold market's longer-term bullish prospects. These bullish prospects took a major step forward with 05-Jan's bullish divergence in momentum shown in the daily log close-only chart below that war.... Read More

The Street - Weak Euro Weighs on Gold Prices By: Phillip StreibleJanuary 25th, 2012 8:45AM CST Gold also butted up against some key resistance levels, and prices had climbed more than $20 in the past two trading session, triggering some profit taking. "I think this $1,670 to $1,680 area is going to be resistance," says Phil Streible, senior commodities broker at RJO Futures. "The last time we were doing this grinding pattern in .... Read More

Kitco News - Market Nuggets: WGC: Gold Fundamentals Remain 'Robust;' 2011 Price Rises In Many Currenci By: RJO Futures Market AlertJanuary 23rd, 2012 10:14AM CST While gold is higher so far Monday, R.J. O’Brien & Associates cautions that the market could be “rather quiet” over the next week or two now that Chinese New Year holidays are under way. “They were very strong buyers leading up to the New Year but now they are off celebrating,” R.J. O’Brien says. Analysts dou.... Read More

The Street - Gold Prices Rebound on Technical Buying (Update 2) By: Phillip StreibleJanuary 23rd, 2012 8:28AM CST Gold prices jumped in mid morning trading on technical buying, holding on to gains after prices brushed up against the $1,650 an ounce level. Gold is primarily a "trading affair" today, says Phil Streible, senior commodities broker at RJO Futures. Streible says there is a lot of shorting gold -- that is betting against a higher gold price -.... Read More

(GC) Continued Gold Gains Define $1,625 S-T Risk By: RJO MRTJanuary 17th, 2012 8:41AM CST Technicals, January 17, 2012; 8:25am Overnight's gold rally above last week's 1662.9 high detailed in the 240-min chart below reaffirms the developing recovery from 29-Dec's 1523.9 low and, most importantly, confirms Fri's 1625.7 low as the latest corrective low and tightest risk parameter this market is now required to fail below.... Read More

Video - Video - CNBC - Oil, Currencies & Markets By: Phillip StreibleDecember 29th, 2011 9:07AM CST Phillip Streible, RJO Futures, Gold continues to show weakeness against a stronger US Dollar.

Video - The Street - Europe's Troubles to Boost Gold in 2012 By: Phillip StreibleDecember 27th, 2011 1:08PM CST Phil Streible, senior commodities broker at RJO Futures, says gold trading will be thin this week before climbing to $2000 in 2012.

Video - TheStreet - Gold Prices Rise, Reach for Key Technical Levels By: Phillip StreibleDecember 20th, 2011 11:10AM CST Gold prices were battling their way higher Tuesday as the metal rose along with the euro and as bargain-hunters stepped in to take advantage of lower prices. Phillip Streible, senior commodities broker at RJO Futures, still believes gold can hit $2,000 an ounce in 2012. "People are going to look at 2012 for a new asset allocation strategy".... View video

Video - First Business - Trader Talk: 12/15/2011 Market Overview By: Kevin CraneyDecember 15th, 2011 9:33AM CST Kevin Craney of RJO Futures discusses the latest market action.

(GC) Scale Considerations for Navigating Gold Market Consolidation By: RJO MRTDecember 13th, 2011 9:17AM CST Technicals, December 13, 2011; 7:55am On a short-term scale detailed in the 240-min chart below, there is little question that the trend is down. This decline was initially exposed by 05-Dec's short-term momentum failure below 01-Dec's 1737 corrective low, and then reaffirmed with last Fri's break below 06-Dec's initial counter-tr.... Read More

(GC) Gold Failure Reinforces Broader Consolidation Phase; Stand Aside to Avoid Chop By: RJO MRTNovember 22nd, 2011 11:47AM CST Technicals, November 22, 2011; 9:15am There is no question that as a result of yesterday's break below both 17-Nov's 1711 low and 01-Nov's 1681.2 low the intermediate-term trend is down. The 240-min chart below details this important continuation of the past couple weeks' slide that shows this former 1711-area support as new near-.... Read More

Digging for Gold By: Hector GalvanOctober 31st, 2011 11:26AM CDT Good Morning! The equities markets are trading lower and the dollar higher this morning after another large Japanese currency intervention. However, as I watch the gold trade lower, but not break below the 1700 mark in the December contract I am reminded to buy it on breaks. One would argue that as long as we can hold above the 1700 mark having a l.... Read More

RJO Futures Tip of the Week - Leverage in the Futures Market, the Power of Gold Futures By: Anthony PickettOctober 21st, 2011 9:55AM CDT How many of you remember the Periodic Table Grid? The Periodic Table Grid takes me back to my sixth grade science class discussion about gold. Of course, I would need to do a little refresher on what the table means, but one thing I can still recall the symbol used for gold on the grid, AU. Everything else is a blur since it was so long ago. Before.... Read More

The Fall of Gold Futures By: William MooreSeptember 27th, 2011 9:20AM CDT After this week’s massive sell off in most markets, we saw the price of an ounce of gold fall over 300 dollars. Those looking to long the market again may find key technical and fundamental support for re-entry in the coming days. We have seasonal interest coming out of India in the wake of a good monsoon season. The World Gold Council sees t.... Read More

Video - Major Gold Bull Threatened While Copper Nearing Meltdown Status By: RJO MRTSeptember 22nd, 2011 10:07AM CDT While the current accelerated losses in the copper market do not come as a surprise as its major peak/reversal threat has been building for months, today's break below 24-Aug's 1757.3 low daily close in gold confirms at least the intermediate-term trend as down and might threaten the secular advance. Subjectively, we suspect Sep's porti.... View video

LAST TRADING DAY 8/29/11 By: RJO Futures Market AlertAugust 29th, 2011 10:51AM CDT TODAY, August 29th, is Last Trading Day for these AUGUST FUTURES: NY Copper, NY Gold, NY Silver; NY LIFFE Gold (big and mini), NY LIFFE Silver (big and mini); NY Platinum, NY Palladium. TODAY is Last Trading Day for SEPTEMBER NY Natural Gas FUTURES. August NY LIFFE Silver futures (big and mini) will cease trading at 1:25 p.m. (.... Read More

(GC) Despite Bounce, Beware Further Gold Market Volatility, Consolidation By: RJO MRTAugust 29th, 2011 7:48AM CDT Technicals, August 29, 2011; 7:25am The secular bull trend in the gold market has been one to behold on both technical and fundamental grounds. And with so many iterative stair-steps dating to even Oct'08's 681 low shown in the weekly log scale chart below, it's virtually impossible to conclude whether 23-Aug's 1917.9 high co.... Read More

Playing the Gold Futures Market By: William MooreAugust 25th, 2011 9:57AM CDT After pushing past $1,900 on Tuesday, the price for an ounce of gold has fallen nearly 200 dollars going into Thursday morning's trading session. A stronger dollar, bullish equity markets and stability from the fall of Muammar Gaddafi all contributed to this downturn. Those speculating in gold will likely remember the similar events from early .... Read More

Quality Flight From Energies Continues to Benefit Gold By: RJO MRTAugust 8th, 2011 10:29AM CDT While we believe Fri's corrective hiccup in the energy complex has defined corrective highs that may now be used as risk parameters for shorter-term traders with tighter risk profiles, the longer-term trend in at least the gold market has been exposed as down, with RBOB and heating oil dangling perilously close to their late-Jun lows and suppor.... Read More

(GC) Momentum Key as Gold Nears $1,620 Forecast By: RJO MRTJuly 19th, 2011 11:16AM CDT Technicals, July 19, 2011; 7:05am As a result of early-Apr's accelerated resumption of the secular bull trend above Mar's consolidative hump around the 1445-area, we discussed a Fibonacci progression relationship of 1620 in 08-Apr's Technical Blog. With today's high coming within $10 of that forecast but with the simple uptrend .... Read More

$1,600 Gold By: Peter MoosesJuly 18th, 2011 10:26AM CDT As we continue to monitor euro-zone and U.S. debt issues August gold futures hit $1,600 a troy ounce. Gold futures have risen for nine straight sessions as investors turn to the metal as little progress has been made on whether or not to raise the U.S. borrowing limit. Following Friday's announcement the results of the stress tests performed on.... Read More

Running With the Bulls By: Peter MoosesJune 22nd, 2011 10:52AM CDT Gold continued its bullish trend even though we are experiencing a stronger Dollar. After Greek Prime Minister George Papandreou received support from 155 of the 300 lawmakers in the parliament, people are still seeking shelter in the safe haven of gold. August gold futures (GGCQ) opened at $1547.90 and have traded as high as $1559.20 as of 9:30 AM.... Read More

Jobless Claims Report Leads to a Drop in Gold By: Peter MoosesJune 2nd, 2011 11:05AM CDT Jobless claims fell 6,000 in the week of May 28th to 422,000 causing gold futures to drop at the start of the trading day. Gold prices have been trading in a narrow range as the dollar has tried to strengthen. As of this morning, the dollar slipped against the euro as talks for a more coordinated fiscal policy to deal with the euro-zone debts have .... Read More

Gold Prices Down After Economic Data is Released By: Peter MoosesMay 26th, 2011 10:22AM CDT With worse than expected economic data coming in today, we see gold futures prices taking a hit. Initial jobless claims are up 10,000 to 424,000. The Commerce Department's estimate for quarter GDP growth was unrevised at up 1.8% annualized. Gold futures were up the past four sessions due to the uncertainty with the EU and how it's going to .... Read More