Wednesday, February 10, 2010

I Have A Dream / Emini Futures Trading - Wednesday February 10, 2010


"…No eye has seen, no ear has heard, no mind has conceived what God has prepared for those who love Him"
(I Corinthians 2:9, NIV)
CT Announces Sabbatical Plans (Listen Now)

Santa Fe Gold News
Santa Fe Gold Supplies Trial Shipment of Flux Material to Arizona Smelter for Precious Metals Recovery
Business Wire(Wed 9:35am)

This is not the first time SFEG has done business with Freeport-McMoRan. (well sort of) Let's step back in time to this -  

And this - 
Santa Fe Gold Corp (OTC Bulletin Board: AZMN), formerly Azco Mining Inc., a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today announced that effective September 12, 2007, its new ticker symbol will be SFEG for trading on the OTB Bulletin Board.

And this -
Freeport-McMoRan Copper & Gold to Acquire Phelps Dodge, Creating the World's Largest Publicly Traded Copper Company

And now today - 
Santa Fe Gold Corporation (OTCBB: SFEG - News) today announced it had agreed with Freeport-McMoRan Miami Inc. (“FM Miami”) to supply a trial shipment of 3,000 tons of high-silica flux material to FM Miami’s smelter located near Claypool, Arizona.

Did you follow that?
On January 16th we offered a Technical Perspective of Santa Fe Gold Corp. Now that the .92 projection has been fulfilled, we anticipate higher prices moving forward. Here is a reprint - 

Technical Perspective 

On a weekly chart we readily find 3 points of support and potential support. It is quite possible that support was found On Friday at $1.16. That price represented the 50 Period SMA and dual Fib confluence and is exhibited on the chart as A. If that support is to hold we should see price move higher Tuesday after any resting market orders to sell are filled on the open.

Should $1.16 be violated have a look at B. There we find the 200 Period SMA, the bottom of the price channel and another Fib confluence. Due to the time decay factor we are looking at a price somewhere between .92 and $1.00.

Finally we have C which is dual Fib confluence between .80 and .82 and would represent a 50% retracement from recent highs.

Because of the fundamental nature of what has, and is yet to transpire, it will be quite interesting to see how well technical analysis serves us in the short term. While these price levels are not predictions, should we see a break of $1.16, resting buy orders could be placed at or near the above mentioned prices for investors seeking entry.


As a Man Thinketh by James Allen

Chapter Five - The Thought - Factor in Achievement

All that a man achieves and all that he fails to achieve is the direct result of his own thoughts. In a justly ordered universe, where loss of equipoise would mean total destruction, individual responsibility must be absolute. A man's weakness and strength, purity and impurity, are his own, and not another man's. They are brought about by himself, and not by another; and they can only be altered by himself, never by another. His condition is also his own, and not another man's. His suffering and his happiness are evolved from within. As he thinks, so he is; as he continues to think, so he remains.

A strong man cannot help a weaker unless the weaker is willing to be helped, and even then the weak man must become strong of himself. He must, by his own efforts, develop the strength which he admires in another. None but himself can alter his condition.

It has been usual for men to think and to say, "Many men are slaves because one is an oppressor; let us hate the oppressor." Now, however, there is among an increasing few a tendency to reverse this judgment, and to say, "One man is an oppressor because many are slaves; let us despise the slaves." The truth is that oppressor and slave are cooperators in ignorance, and, while seeming to afflict each other, are in reality afflicting themselves. A perfect Knowledge perceives the action of law in the weakness of the oppressed and the misapplied power of the oppressor. A perfect Love, seeing the suffering which both states entail, condemns neither. A perfect Compassion embraces both oppressor and oppressed.

S&P 500 Emini Futures

Today we saw more "normal" Zone to Zone movement.

S&P 500 Emin Futures Intraday Zones for Thursday 02/11/10

As Always,
Pray Hard & Trade Safe!

Reblog this post [with Zemanta]

No comments:

Post a Comment

Your comment will be posted within 1 hour of acceptance by our editorial staff.