Explore Special Offers & White Papers from AFS

Metals Under Early Pressure


Not surprisingly the palladium market has followed gold and silver down on the charts with the favorable buzz from the Pre-Fed period transitioned into a negative environment. While the platinum market continues to get the most favorable press coverage, it has not been exempted from the selling wave facing all precious metals markets today.


The gold market has come under pressure today following disappointment from the Fed results yesterday but also because of a fresh upside breakout in the dollar overnight. While the bull camp could have been cheered by the upbeat economic assessment from the Fed the better view from the Fed has reduced economic uncertainty and therefore, we expect some follow-through selling.


As in many other physical commodity markets, the copper market was disappointed by the lack of proactive action from the US Federal Reserve and it would also appear as if the trade has resurrected the idea that Chinese copper demand is set to level out after their aggressive rebuilding of buffer stocks.

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