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The Review on Metal Market for The Week of May 2nd, 2011


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There will be hot news around Osama Bin Laden's dead that brings energy to most of us and may cause changes in trading life. Let's share the feelings and don't forget to learn the metal market with Pitguru Daniel Cronin to plan your business in the next few days! You can learn more around other futures markets to to active in everything you do.

 

The Metals Review

For the week of May 2nd, 2011

 

Precious metals are coming off significantly over the weekend thanks to US forces capture and kill of Osama Bin Laden. This news came out late last night and is huge. Silver dropped $5 in a matter of minutes and Gold dropped $30 to $1540. Silver now trading $44 and had a low of $42 last night. Some incredible moves as this great news is upon us that Bin Laden is dead. I believe the market will now see lower prices for these metals as the war on terror has the potential to slowly come to an end. I will look for Gold to again test $1540 this week with Silver moving to test $40.

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