Precious Metals Commentary

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Trouble Ticket Forum Policy

Return to Index

TFC Commodity Trading Forum

Precious Metals Commentary - Bob Hoye *PIC*

Precious Metals Commentary
Technical observations of RossClark@shaw.ca
Bob Hoye
Institutional Advisors
Posted Jan 25, 2012
Written Jan 22, 2012

Silver and platinum have managed to close above their resistance lines from the summer highs while gold is progressing in a slower manner. Any minor corrections of $50 to $70 in gold followed by a breakout would point towards a test of $1900 by mid March. Silver should be expected to find support around $30.50 and be capable of challenging the green upper moving average band currently at $36.60 (8% above the 100-day average of the highs). In this seasonally positive period for precious metals, platinum should find support on pullbacks at the 20 & 50-day exponential moving averages (currently $1642 to $1695).

Trouble Ticket Forum Policy

Return to Index