pitgurufk
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The Metals Review
For the week of August 22, 2011
For the week of August 22, 2011
By Daniel Cronin
Precious metals continue to move higher as gold is getting ever so close to the $1,900 mark and silver looks to have finally broken above $42. The metals markets are not just considered a safe haven but the world's second reserve currency as these markets keep on moving higher and higher. Gold will look to break $1,900 this week. Copper continues to be range bound from $3.95 to $4.05 as this market is consolidating at these levels. I believe copper will try and push higher above the range as the equity markets may get a bounce this week after all the selling that has taken place.
Disclaimer: Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.
