What’s Up, What’s Down: Spotlight on Metals
Comments for January 13, 2011
Looking ahead to Thursday by reflecting back on Wednesday’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.
PLATINUM DISPLAYS SHARP RALLIES WHILE GOLD AND SILVER MAY BE DISPLAYING OVER-BOUGHT TENDENCIES
METALS: 1/13/11: Higher closes for copper, silver, gold and platinum again. All of the metals are in still uptrends but silver and gold especially have been in a choppy if somewhat sideways range for a few of months, especially the gold. With the falling dollar and and strong indices why isn’t silver much higher than it is. Only platinum and to a lesser degree copper has been responding. This could possibly mean the silver and gold are overbought in need of correction. It remains to be seen how these two metals continue to respond. Meanwhile, platinum has gone into second gear with sharp rallies lately and now is on the verge of making a new contract high. BUY SIGNALS FOR COPPER, SILVER, GOLD AND 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 firstname.lastname@example.org 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.