Copper continues its bull run, but Financials drift lower

By Rick Alexander
04 January 2010 @ 10:00 am EDT

METALS: 01/04/10 Higher closes last Thursday for copper, gold, silver and platinum. Copper continues to look higher with a new recent high and close (highest high and close since 2008). Gold settled higher and has been consolidating over the last week while silver hasn't been able to hold 1700 basis the March contract which is my first sign of turning lower but hasn't quite given me any signal at this time. Platinum also settled higher still acting like it will test its highs soon. I hold Buy Signals for Copper; Sell Signals for Gold. Please feel free to contact me for details.

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