Written Commentary
GOLD / SILVER
Given a fresh upside breakout in the dollar and a lack of optimistic economic buzz from overnight news, it is not surprising to see gold and silver prices off sharply this morning.
PLATINUM / PALLADIUM
While the palladium market has diverged negatively in the face of recent strength in platinum, the market now appears to have found value on its charts just above $2,200 and has even carved out an extended pattern of higher lows.
COPPER
We expect copper to continue to respect consolidation low support at $3.50, but softer alternative high-frequency data from China leaves the market vulnerable and obviously without a strong bullish catalyst.
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