Trading: Copper | Gold | Silver | Platinum

Trade Local & Global Markets with Unum Capital.

To get started, email lester@unum.co.za

This is an update on the previous post in which we considered the price model readings.

Copper: Reading at the time was 'Overbought'. We have since seen a sharp pullback from above 5.30 to 4.40.

Gold. Reading at the time was 'Sellers becoming active'. This past week we saw some profit-taking.

Silver. The medium term reading (2 to 4 weeks) highlighted the potential for a short/sell position if the commodity fails to hold it's highs. Silver traded slightly higher then collapsed by 12%.

Palladium The short term reading (1 to 10 days) highlighted the potential for a short/sell position if the commodity fails to hold it's highs. Palladium traded slightly higher to above $995 then collapsed to below $900 (Friday's close $902).

Platinum was the only commodity which showed a lack of directional bias. It subsequently fell in line with most of the group above.