Futures Traders: Get FREE daily videos covering today's hottest market
Twenty-five-year commodity market veteran Jim Prince is an expert in the principles of technical trading. Each day Jim reviews the biggest moves in the commodity markets, identifying formations and planking trading strategies. And now, in his free Daily Alert, Jim will share with you his hot pick of the day with an exclusive 3-5 minute video.
With each Daily Alert video Jim reviews first-hand his featured chart of the day, discusses trading strategy, and highlights possible entry and exit points.
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Precious metals prices this morning are stronger: GCZ4 +8.9 (+0.73%), SIZ4 +0.101 (+0.57%), HGZ4 +0.008 (+0.26%). Metals prices on Monday settled mixed. Dec gold recovered from an 8-1/2 month low and closed higher after a plunge in global stocks fueled safe-haven demand for gold. Dec silver sank to a 4-year low and Dec copper slid to a 3-month low on bearish factors that included (1) Chinese demand concerns after China’s Finance Minister said China’s economy faces downward pressure, and (2) the unexpected decline in U.S. Aug existing home sales. Closes: GCZ4 +1.3 (+0.11%), SIZ4 -0.070 (-0.39%), HGZ4 -0.0530 (-1.71%).