Explore Special Offers & White Papers from ADMIS

Mixed Metals Prices

GOLD / SILVER

In the bull’s defense the gold market this morning has managed to bounce $70 an ounce from the overnight low but as of this writing prices remained in negative territory. Similarly, the silver market suffered a significant wash but seemed to find some value at the $25.00 level on the charts.

PLATINUM / PALLADIUM

Not surprisingly, the PGM markets have declined in sympathy with the weakness in the gold and silver markets and it is likely that continued selling in those outside markets will allow for additional follow-through down today. The platinum market is also under a technical liquidation threat again today following yesterday’s sharp reversal/range down move and extension down early today.

COPPER

In retrospect, the bull camp in copper has to be disappointed with the action so far this week, as new highs in various US equity markets, an extension of positive Chinese data flow and suggestions from the US Chief economic advisor that the US/Chinese trade deal is fine, failed to support prices.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started