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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Metals prices this morning are lower: GCJ5 -1.0 (-0.08%), SIK5 -0.031 (-0.19%), HGK5 -0.005 (-0.19%). Metals prices on Tuesday closed lower with May silver at a 1-3/4 month low: Closes: GCJ5 -3.8 (-0.31%), SIK5 -0.176 (-1.07%), HGK5 -0.0410 (-1.52%). Bearish factors included (1) fund selling of gold after long gold positions in ETFs tumbled to a 1-month low on Monday, and (2) Chinese growth concerns after the government-controlled Xinhau News Agency reported that China will tolerate a 7.0% growth rate for this year, below the 7.5% from 2014.