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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 planning 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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Metals this morning are mixed. Dec gold -2.7 (-0.21%), Dec silver +0.132 (+0.75%), Dec copper +0.001 (+0.02%). Friday's closes: Dec gold +0.2 (+0.02%), Dec silver -0.056 (-0.32%), Dec copper -0.0075 (-0.36%). Metals on Friday settled mixed. Metals prices were undercut by the jump in the dollar index to an 8-1/2 month high and by industrial-metal demand concerns after the New York Fed cut its U.S. Q3 and Q4 GDP estimates. Weaker stocks boosted the safe-haven demand for gold.