GOLD / SILVER
While expectations remain upbeat for a US stimulus package it would not appear as if effort on the assistance is a high priority in Washington and without signs that the US economy will be cushioned into the end of the pandemic, deflationary fears are likely to hold gold and silver prices down.
PLATINUM / PALLADIUM
While we do not think the platinum bull trend has come to an end, we do see some two-sided corrective action ahead unless global equities resume their upward march. The charts in the palladium market favor the bear camp with demand expectations neutral at best, spillover pressure from gold and silver likely early this week and resistance offered up today by the 21-day moving average at $2,388.
Like a-number-of other physical commodity markets at the end of last week, the copper market fell back sharply in sync with a-number-of physical markets.
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.