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Daily Trade Signals
for All Major Markets incl. Currencies, Forex,
Energies, Financials, Grains, Indices, Metals, Softs Daily Trading Signals
Up
Trend
Down
Trend
No
Trend
Daily P/L Tracking for
Active Signals Documented
Track Record2003(+237.3%) - 2004(+120.3%) - 2005(+42.7%) - 2006(+86.9%) - 2007(+32.67% YTD)
Jun 30, 2006 - GOLD MARKET FUNDAMENTALS: (6:00 AM CST) It is a little surprising that the outlook toward the economy was altered so dramatically by the Fed yesterday.
Morning Gold Market Report for 6/30/2006
Compiled 06/30/06 6:00 AM (CT)
Statistics: London Gold Fix $600.40 +18.65 LME COPPER STKS 93,575 ml tns -350 tons
GOLD MARKET FUNDAMENTALS: (6:00 AM CST) It is a little surprising that the outlook toward the economy was altered so dramatically by the Fed yesterday. However, the market seemed to make a large portion of the gains in advance of the Fed statement and that suggests the markets recognized their excess pessimism even before the Fed hinted at a pause in the rate pattern. While some market might need confirmation of the change in sentiment with some follow up action today, the gold market has already managed a rise back above critical resistance of $600 and seems to be back in an upward mode. Seeing better economic expectations and rising energy prices, without the Fed hanging around the neck of the markets, is certainly a combination that favors the bull camp. However, the US will float a long list of economic reports this morning that may or may not impact the trade. In any regard, the markets are acting as if the Fed gave the all clear yesterday, but it is still possible that the gold will want to see confirmation of growth from the numbers. In fact, it could take another inflation reading like the CPI to rekindle fears of the Fed. In conclusion, the gold market is back in a position to benefit from strong US numbers, gains in equities and gains in energy prices.
OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CST) With the Dollar falling significantly off its recent highs and a broad based commodity rally unfolding yesterday, it would seem like the metals markets are benefiting from a host of outside market moves. More importantly market action is giving off an impression that commodities in general are once again back in vogue and that the economic slowdown won't be as severe as was expected following the May top. However, the most significant action of the last 48 hours might be the fact that energy prices and equity prices were rising at the same time and that environment is very conducive to fostering interest in the metals. As for the Dollar, for now it seems that the market is downplaying the dominance of the Dollar and that is a distinct change from the June pattern.
Technical Analysis: Note: Compiled during previous session 06/29/2006 at 3:21 PM CT CBOT GOLD (AUG) 06/30/2006: Momentum studies are trending higher from mid-range, which should support a move higher if key levels are penetrated. The cross over and close above the 18-day moving average indicates the intermediate-term trend has turned up.
Additional Reference:
Technical Statistics - As of 06/29/2006 3:21 PM CT
Signals are generated & published daily before market opens based on closing prices & daily statistics. Account trades one FUTURES contract per $25,000 investment.All signals are entered Market On Close (MOC) or Stop Close Only (SCO).
*All Hypothetical #'s & narratives assume profit is taken out at the end of each year. Reinvesting profits would lead to larger gains.
Narratives by Year & in Total
In total from 2003-2006, an initial investment of $25,000 earned $121,797 profit, to end the 4-year period with an account value of $146,797, for a total gain of 487,2% & an average annual gain of 121,8%. The average monthly gain (in 4 years) was 10,1%.
In 2006, an initial investment of $25,000 earned $21,717 profit, with a YTD account value of $46,717, a YTD gain of 86,9% & an annualized gain of 86,9%, at a run rate to more than double the initial investment. The average monthly gain YTD is 7,2%.
In 2005, an initial investment of $25,000 earned $10,682 profit, to end the year with an account value of $35,682, an annual gain of 42,7%. The average monthly gain was 3,6%.
In 2004, an initial investment of $25,000 earned $30,080 profit, to end the year with an account value of $55,080, an annual gain of 120,3%, again more than doubling the initial investment. The average monthly gain was 10%.
In 2003, an initial investment of $25,000 earned $59,318 profit, to end the year with an account value of $84,318, an annual gain of 237,3%, more than tripling the initial investment. The average monthly gain was 19,8%.
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DISCLAIMER: INDIVIDUAL ACCOUNT PERFORMANCE RESULTS MAY VARY DUE TO A VARIETY OF FACTORS, TO INCLUDE STARTING DATE, ACCOUNT SIZE, COMMISSIONS, PASS-THROUGH FEES, SLIPPAGE & OTHER FACTORS.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.THE RISK OF LOSS IN TRADING COMMODITY FUTURES MAY BE SUBSTANTIAL. ONLY RISK CAPITAL SHOULD BE USED FOR SUCH INVESTMENTS. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
Daily Trade Signals
for All Major Markets
