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Tuesday, July 25, 2006

Metal Futures Update

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Todays MAIN US ECONOMIC INDICATOR WILL Whether Boost the Gold/Silver or Weak them

Main Eye on US Existing Home Sales.

METAL FUTURES UPDATE

Precious metals continued to consolidate yesterday and partly reached the $600 psychological support on Gold. Today a weak US Existing Home sales figure could add some pressure on the dollar and boost precious metals. For this morning session the 623/625 level is resistance and support at 615/618.

Silver trading in a flag well supported at $10.80 and capped at 11.15; If broken up $11.60 is target.

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