1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

his Week Metal Review: April 11th, 2011

Discussion in 'Stock Market News & Analysis' started by gajoinvest18, Apr 26, 2011.

  1. gajoinvest18

    gajoinvest18 New Member

    Jul 8, 2010
    Likes Received:
    Like usual, our expert - Pitguru Daniel Cronin - will share with us the metal review for the week. By the way, you can check for other futures market reviews to learn more about how other interactive markets are working to help guide your work in futures trading platform.

    The Metals Review
    For the week of April 25th, 2011​

    Precious metals again outdoing the rest of the field, scorching everyone in their path as Gold hits the $1,500 number. This market is already up another $17 to start the week at $1,517. Silver is even hotter as this market has risen from $40 to $49 where it is today in a matter of days as many shorts got burnt to a crisp and had to liquidate massive positions last week. With the rally in the Euro/USD it looks as if these metals will continue to head higher. I feel Silver will no doubt break $50 which could easily happen in the early part of the week and Gold $1,525. I see no chance of stopping these metals anytime soon from higher highs right now.

    Copper again bouncing up from $4.20 to $4.40 where it sits right now. I am watching for a trade above $4.50 as I feel May copper is vulnerable up there and has been sold each of the last 3 times up that way.

Share This Page