Precious Metals FUTURES Update

After last week behavior we expect precious Metals to consolidate towards $658/662/oz for Gold April and 13.60/80 and to keep the Bullish Trend from mid-January intact.

Funds piled into Gold last week as it was maintaining trade above $660/oz.

We still have to take out the next big hurdle with the peak from mid-July at $677 for Gold.

Copper helped by the end of Red Kite selling is also a positive note coupled with a move higher in Silver also supportive for the Gold market

We favor Buying April Gold around the 660 area and March Silver between 13.60/80. to target 677 and December high at 14.25 respectively.