Futures : Metals Update
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Precious metals are still range trading and the longer time that passes where we fail to break the $615 area for Gold and $12.60 for Silver, the greater is the risk to the downside.
Yesterday’s lack of reaction to follow the +13 cents jump in Copper is another factor of the short term weakness.
Need to move above $621/622 in gold, before the bulls begin to drive Gold.
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