Explore Special Offers & White Papers from AFS

Slightly Bearish Metals


Divergence between gold and silver to start today casts a slightly bearish view toward the metals complex. In fact, the lack of a surge off the Biden rescue plan and given another notable outflow from gold ETF’s leaves the gold market facing headwinds to start today.


We continue to think that the platinum market will be one of the most stellar performers in 2021 with signs of “new” demand, substitution demand and investment demand likely to result in a significant world platinum deficit. Technically, the palladium market remains within a long-term uptrend on its monthly charts and would appear to be benefiting minimally from expectations that global commodity demand will improve solidly in 2021.


For now, the dichotomy from Chinese copper import data looks to lock copper within its recent trading range. The dichotomy from China was seen with a new annual record 2020 copper import figure conflicting with a decline in December Chinese copper imports.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today