Looking Ahead to Tuesday by reflecting back on Monday's trading action
Metals and Meats: Copper and Silver settle sharply higher; Feeders break out of a Bull Pennant
METALS: 03/30/10 Higher closes Monday for copper, gold and silver but lower for platinum. This time copper rallied to settle sharply higher making its highest close since July '08 and just missing a new high since then. Silver also settled sharply higher now at the upper end of a critical resistance area. Lately, silver has continually sold off when nearing 1750 basis the May contract and, acutually, only once closing over that price. I would sell in this area until it closes over 1750 but staying neutral overall until it does. Gold has been getting pulled up by silver actually looking weak comparatively speaking while trading sideways to lower since December. Platinum also closed sharply higher ending for now its possible topping formation. BUY SIGNALS FOR COPPER AND PLATINUM. SELL SIGNAL FOR GOLD. CALL FOR DETAILS!