jackfutu18
Active member
- Messages
- 106
- Likes
- 0
To review the metal market this week, Pitguru Daniel Cronin will share with you some information on the market in the coming days.
Precious metals have benefited from a weak USD and continuing tensions in the Middle East to trade much higher this past week with Gold looking to test the high of $1,445 again. The gold market had great support in the low $1,400's and now appears poised to break the all-time high as the Euro/USD trades north of $1.41. Silver has been rallying very nicely as well with this market approaching the $36 mark. I might look to buy some OTM calls in the precious metals as I feel these will continue to move higher with the aforementioned fundamentals, and the uncertainty of the Japan radiation levels in the nuclear facilities.
By the way, spend your time with other futures market reviews for the week to have a deeper understanding of the markets!
The Metals Review
For the week of March 21st, 2011
For the week of March 21st, 2011
Precious metals have benefited from a weak USD and continuing tensions in the Middle East to trade much higher this past week with Gold looking to test the high of $1,445 again. The gold market had great support in the low $1,400's and now appears poised to break the all-time high as the Euro/USD trades north of $1.41. Silver has been rallying very nicely as well with this market approaching the $36 mark. I might look to buy some OTM calls in the precious metals as I feel these will continue to move higher with the aforementioned fundamentals, and the uncertainty of the Japan radiation levels in the nuclear facilities.
By the way, spend your time with other futures market reviews for the week to have a deeper understanding of the markets!