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Metals Wait on T-Notes Auction

GOLD / SILVER

It would-appear that gold and silver sit at a very important juncture today with prices perched moderately above recent consolidation lows and facing a key fundamental junction in the form of today’s US 10-year treasury note auction.

PLATINUM

Clearly the platinum market joined in with gold and silver in the sharp recovery rallies yesterday and the market looks to continue to correlate tightly with those markets again today.

COPPER

As mentioned in several other sections this morning a-number-of recent highflying Chinese industrial materials have shown corrective action this week and that in turn has dampened speculative interest for copper in China.

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.

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