Explore Special Offers & White Papers from AFS

Downward Trend in Metals


In retrospect, the gold and silver markets behaved like classic physical commodity markets yesterday in the wake of very disappointing US durable goods data and they also saw pressure off the significant washout action in US equities.


In addition to significant chart damage this week the platinum market saw a significant 8,365-ounce daily outflow from platinum ETF’s yesterday (reducing their year-to-date gain to only 1.3%). March palladium has returned to credible consolidation support at $2,300 and speculative interest might be stoked somewhat by a Reuters poll yesterday predicting palladium prices this year to average $2,410.


The copper market has damaged its charts again this morning and in the process, pierced a very critical consolidation/psychological price level of $3.50.

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.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today