fltraz22 Posted March 29, 2011 Report Share Posted March 29, 2011 You are going to have a short review on metal market this week by Pitguru Daniel Cronin. Once you care about this market, just learn the market and discuss together to find out a good plan guiding your way in the new week! The Metals Review For the week of March 28th, 2011 Precious metals had a peculiar week. Gold rallied to new heights over $1,445 but had no real conviction in keeping the price above there and has subsequently pulled back $25 right now to $1,422. Silver had also rallied above $37 and was looking poised to continue its run but it too faded a bit. Like Oil and the energies, I believe this market will try and sell back down to support of $1,400 so look for a potential liquidation to start the week as prices will drift lower as the USD strengthens against other major currencies. Copper looks to be ready to head back down to $4.30 as well so look for this base metal to react the same with equities, starting the week potentially lower as well. I hope the information shared will be useful for your business. Besides metal review, you can have a look at other futures market reviews to have a full view of what will be going on in the futures trading floor. ***chart courtesy Gecko Software’s Track n’ Trade Pro Past performance is not necessarily indicative of future results. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.