Today's Trading Tips From The Market Analysis Video – For Full Analysis Watch The Video

1 – Silver markets broke a little bit higher during the course of the session again on Thursday, as we continue to plow to the upside. We believe that buying short-term calls will be the way to go in this marketplace, especially after we did up in price. That being said, short-term traders should continue to love the silver market.

2 – The FTSE broke out to the upside in actually went as high as 6800 during the day on Thursday. However, we pull back a bit so it appears that although this market is very bullish, it still has a lot of work to do in order to convince some players to the upside. We believe that ultimately the FTSE goes much higher though.

3 – The EUR/USD pair is testing new lows, and as a result it appears that it’s ready to continue the downtrend. We believe at one point or another, this pair may actually go as low as 1.10 given the massively bearish outlook. We continue to buy puts every time this pair rallies, and of course buy puts on fresh new lows.

4 – All things being equal, we believe that the gold markets are essentially due for a consolidation, as the $1300 level above is acting as resistance. With that, we believe that short-term moves back and forth may be the way going forward, at least until we can get enough rest after the massively impulsive moves of way to the upside in the gold market. Having said that, we believe that buying short-term pullbacks via calls for small gains maybe the best way to trade gold at the moment.