Gold & Silver Continue Bullish Momentum 1-27-12

27 Jan in Blog, copper futures, gold futures, silver futures

Metal Futures—Gold futures rallied again today giving the bulls the upper hand once again since the Federal Reserve has opened up their purse strings to push the U.S Dollar lower against most currencies. Silver futures traded in a 70 cent range which is pretty quiet day for this precious metal going into the weekend ending nearly unchanged at 33.80 an ounce with gold closing up another 9 dollars to close around 1,737 an ounce. Copper futures also continue to hold strength on improving economic conditions worldwide held steady at around 3.90 a pound. I still believe that these metals are in bull markets that should bought on any significant dip. There is a demand for hard assets especially with more and more Fed spending which seems to be endless.

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