METALS: 08/04/09 Higher to sharply higher closes yesterday for copper,gold,silverandplatinum again. Copper is still in a strong uptrend after making another new recent high and close along withgold, silver and copper. Silver closed over 14000 basis theDecember contract with a vengeance now giving me a buy signalfinally joining the rest of the metals Platinumgave me a second buy signal showing how strong this metal is. Overall, the metals looked poised to continue their uptrends for quite a while.
FINANCIALS: 08/04/09 A higher closes for the eurodollar but lower for thebonds andnotes.The eurodollar is still ina strong uptrend making another newcontracthigh and close. The bonds and notes, though, settled lower with the bonds in a BULL PENNANT while the notes continue holding on to their sell signal.