Precious Metals

Precious Metals

Wednesday, 17 March 2010

Trading Metals: Markets & Prices

Trading Metals in Precious Metals Markets can be tough and difficult to gain profit. Lacking of information and news about Future Markets can lead to the losses and risks. Here, this is about the moves in Precious Metals Markets.
Precious metals had a very tough & difficult week as prices pulled back significantly with gold trending down to $1,100 and Silver briefly trading below $17. The USD slid by a very small percentage against other major currencies but this did not impact the gold market as prices still declined and fell. Silver Future still looks to be the better play with prices stabilizing better than gold, but it is interesting how the Euro seems to be breaking out a bit from the USD trading at $1.3760 - its highest level in 3 weeks. “Gold cannot muster any movement to the upside. I still see gold trying to trend lower below $1,100 before getting back on its feet. Look to buy some dips below $1,100 here with silver a potential play at $16.”

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