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Rick Alexander
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LOOKING AHEAD TO MONDAY BY REFLECTING BACK ON FRIDAY'S ACTION
Focus on the Metals Sector: I hold technical Sell Signals on Gold & Silver but Copper's Bull Triangle keeps this metal on an uptrend.
METALS: 11/02/09 Lower closes last Friday for copper, gold, silver and platinum. I thought copper has put in a near term top but with its BULL TRIANGLE in place, it should continue higher overall. Gold, silver and platinum also sold off sharply but didn't rally off their lows to close better than it looked like they would. Silver is also in a BEAR PENNANT. All are in long-term up-trends but are still showing toppy action at this time.
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