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The Metals Review

Discussion in 'Stock Market News & Analysis' started by gajoinvest18, Mar 22, 2011.

  1. gajoinvest18

    gajoinvest18 New Member

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    Metals - If you care about this market, the metal review analyzed by Pitguru Daniel Cronin will help you have a full view of it in the next coming days.

    The Metals Review
    For the week of March 21st, 2011​

    Precious metals have benefited from a weak USD and continuing tensions in the Middle East to trade much higher this past week with Gold looking to test the high of $1,445 again. The gold market had great support in the low $1,400's and now appears poised to break the all-time high as the Euro/USD trades north of $1.41. Silver has been rallying very nicely as well with this market approaching the $36 mark. I might look to buy some OTM calls in the precious metals as I feel these will continue to move higher with the aforementioned fundamentals, and the uncertainty of the Japan radiation levels in the nuclear facilities.
     
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