The Metals Review
For the week of December 5, 2011
By Daniel Cronin
Gold and silver both had great moves last week but look as though they might be in for a downturn this week. The gold market just can't seem to get past $1,765 in Feb. With the recent rise in the equity market the precious metals sector has found it harder and harder to rally and I believe gold is due for a correction back to $1,700.
Copper remains a buy on any pullback as this market has gone straight up the last week. There is huge resistance at $3.63 so watch out for this level when trading this week.
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[i]***chart courtesy [url=http://app.bronto.com/public/?q=ulink&fn=Link&ssid=15576&id=75xeavef7p5lr5jrjhz 72da93x748&id2=cqmvxvtk1rafj7ibgy400xrtmb88v&subsc riber_id=akgjovrgtzcsgascnnjjjhptcprxbgn&delivery_ id=atinwwonkdvwymqxjlojqzwfpazvbhk&tid=3.PNg.BEwt1 Q.CUqr.HVbj..S_PC.t....n.Tt0p4A.Tt0p4A.d7PtKw]Gecko Software
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