Precious Metals Sharply Higher On Bernanke Comments

26 Mar in and Palladium futures, Blog, commodity broker, commodity trading, copper futures, futures broker, futures trading, gold futures, Michael Seery, options broker, platinum futures, precious metal futures, Seery Futures LLC, silver futures

 Precious Metal Futures-- The precious metals this morning are exploding to the upside on bullish comments by Fed Chairman Ben Bernanke that the economy is doing in better-than-expected pushing precious metal prices higher across the board today with gold futures up another $18 dollars an ounce currently trading at 1,680 while silver futures are gaining for the 2nd consecutive day up another $.45 cents at $32.75 right at session highs of the morning. Copper futures are climbing once again up another 440 points to trade around 386.20 a pound with Palladium futures which have been hammered in recent days up six dollars to trade at 667.50. Platinum futures are also higher by 13 dollars an ounce currently trading at 1,640 in heavy volume in New York today. In my opinion the metals are still extremely volatile and choppy and traders should wait for a better chart pattern before entering these markets. . If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.

 

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