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Platinum Futures—Platinum futures in the October contract experienced a wild trading week settling last Friday in New York at 831 while currently trading at 851 up about $20 and traded as high as 892 in yesterday’s trade before a massive sell-off occurred. I have been recommending a bullish position from around the 868 level and if you took that trade…
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Gold Futures—Gold futures in the August contract settled down $12 an ounce at 1,808 in a highly volatile trading session as silver and platinum were also lower in today’s trade. In my opinion I think today was just profit taking breaking a 4 day winning streak, but I still do believe gold has significant room to run even though I…
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Platinum Futures—Platinum futures in the October contract is trading higher for the 3rd consecutive session up another $15 an ounce at 878 as I have been recommending a bullish position from around the 868 level and if you took that trade continue to place the stop loss at the 800 level as an exit strategy. The precious metals continue to…
Gold Futures—Gold futures in the August contract hit an 8 year high this Tuesday afternoon in New York reversing earlier losses while then finishing right at session highs currently up $16 an ounce at 1,809 looking to move higher in tomorrow’s session in my opinion. If you’ve been following my previous blogs you understand that I have been bullish for…
Silver Futures— Silver futures in the September contract is trading higher for the 3rd consecutive session up $0.10 at 18.68 an ounce reversing earlier losses as there are buyers on any type of weakness which is a bullish technical signal in my opinion. I have been recommending a bullish position from around the 18.61 level and if you took that…
Platinum Futures—Platinum futures in the October contract is sharply higher this Tuesday afternoon in New York up $23 or 2.75% at 861 an ounce looking to break out to the upside in my opinion. I will be recommending a bullish position if prices break the 868 level while then placing the stop loss at 800 as an exit strategy as…