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The Week Review on Metals Market: 14th-Feb-2011


fltraz22
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New week is coming. It's time for us to be back to with Pitguru Daniel Cronin's review on metals market. Now, let's see what's new and plan your biz!

 

The Metals Review

For the week of February 14th, 2011

 

Precious metals had a nice week last week moving higher on the Egyptian departure of Mubarak as Gold rallied to just under $1,370 before giving back some gains to $1,360. Silver still looks to be the way to play here as it reached over $30 last week before it too gave back some gains. I like these metals for the long term and also the short term in the next few weeks so I look for opportunities on any dip here.

 

Copper has repelled from the $4.65 high and is now below $4.60 as this market has seen a bit of profit taking. I do not like the Copper prices up here and would be a seller as prices are still too high I believe. I'm looking ore for a $4.20- $4.30 area to get back in as I believe it is overbought up at these levels.

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