What’s Up, What’s Down: Spotlight on Metals
Comments for October 25, 2011
Looking ahead to Tuesday by reflecting back on Monday’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
COPPER: BEARISH LONG TERM PERHAPS BUT FOR THE SHORT TERM ????
METALS: 10/25/11: Higher closes for copper,silver, gold and platinum. Copper closed sharply higher with its best high and close since late September along with giving me a BUY SIGNAL! There really is little resistance up to 400(Dec), in my opinion, making this a very intriguing considering how bearish copper is long-term. Silver and gold settled higher but have been consolidating lately. Overall, gold looks the best of the metal complex while tthe thirty dollar area for silver is extremely critical to hold. Platinum also settle higher attempting to form a bottom at this time but too soon to tell. Still, after all is said and done, the metal complex overall remains in a down-trend at this time. SELL SIGNALS FOR COPPER, SILVER, GOLDAND PLATINUM. CALL FOR DETAILS!
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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.