What’s Up, What’s Down: Higher Gold, Lower Copper

Comments for Tuesday, December 16, 2008

Looking Ahead to Today By Reflecting back at Monday’s Price Action


Higher closes yesterday for gold, silver and platinum while lower for copper. Copper continues to look lower overall and should test its lows sooner than later. A new recent high for gold and silver as the expected turnaround, especially in gold continues. Platinum also closed higher but has been in a sideways consolidation pattern since October. I have been discussing Buy Signals with my clients.

Gold Futures Chart

Silver Futures Chart


COCOA: Cocoa settled sharply higher as its bull market continues. I see buying opportunity in Cocoa as well.

Cocoa Futures Chart

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.