Keep up with the metal market this week, check for the Pitguru metal review to plan for your business in next days!
"Precious metals had a so-so week as gold advanced to its highest point ever at $1,256 only to see profit taking occur in the metal down to $1,215. Silver for immediate delivery increased 1 percent to $18.435 an ounce. Platinum gained 1 percent to $1,556 an ounce and palladium climbed 1.9 percent to $457 an ounce. Gold now trades at $1,232 and with the Euro up to $1.2260 trading higher for 4 straight days it looks like the $1,250 number will be tested again. Look for silver to see some resistance at $19 like it has always had. I would be a seller of silver until the market confirms the upside.

Copper has had a nice rally from $2.70 to $2.90 and I believe you will see this base metal get to $3.00 by midweek. I recommend traders look for short opportunities up at these levels as nothing has really changed on the fundamental side. The economy is still very weak and copper has had a dead-cat bounce from $2.70 to $2.95."

By Pitguru