The brief period of selling is behind us and the Precious metals, with a little help from the Dollar, are ready for blastoff! There’s really not a whole lot to say when markets are trending like the vast majority of the commodities markets are these days. All a trader can do is hop on board and hold on for the ride. I have no idea what level Copper, Gold and Silver will eventually reach but I do know that the trend for all three is most definitely up. Copper and Gold have done well and I really think Silver will eventually catch up so, of these three markets, Silver still looks to be the most compelling trade. I have read numerous comments stating all kinds of fundamental reasons why we’re seeing the moves that we’re seeing and, if that’s what someone thinks is important, who am I to argue? But if you’re looking to actually make money in these markets all that really matters is the price.
Sell ALL brief rallies in the Dollar as the next move down has commenced.
Dale F. Doelling
Chief Market Technician
Trends In Commodities
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