What’s Up, What’s Down: Spotlight on Metals
Comments for September 26, 2011
Looking ahead to Monday by reflecting back on Friday’s trading
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors
METALS GET SLAMMED
METALS: 9/26/11 Sharply lower for copper, silver, gold and platinum again. Copper made its worst low since July 2010 but rallied to settle higher in reversal type action. Don’t look for much of a rally if any because of the current state of drop in the indices which we all know why by now. Our economy, not to mention the world’s economies, continues to struggle which is not a good signs for copper especially . Silver, gold and Platinum’s also dropped sharply again this time giving me a SELL SIGNAL in gold. Silver made its worst low and close since February and gold since the beginning of August while platinum has its lowest low and close since the beginning of September 2010.SELL SIGNALS FOR COPPER, SILVER, GOLD AND PLATINUM. CALL FOR DETAILS!
Metal traders can follow my comments at my Gold Update Blog ( https://goldfuturesupdate.com)
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. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.