Copper: Let It Lead Your Other Trades
Matthew Bradbard | Apr 02, 2014 11:26AM ET
Let It Lead You
June Gold futures have declined just better than $100/ounce in the last 3 weeks consolidating just below the 50% Fibonacci level. Yes prices are oversold but it is a bit disturbing that prices are still under the trend line that was breached last week. Wade into bullish trade lightly looking to add to the trade once the market proves you correct. I've suggested stops just under the recent lows and will be willing to commit more client capital when the $1300 level is retaken on a closing basis.
Silver has also gotten beaten up in recent weeks shedding 9% in the last 4 weeks trading under $20/ounce for
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