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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 prices this morning are mixed: GCM6 +0.7 (+0.05%), SIN6 -0.117 (-0.66%), HGN6 -0.037 (-1.61%). Monday's closes: GCM6 +5.3 (+0.41%), SIN6 -0.137 (-0.77%), HGN6 -0.017 (-0.74%). Metals on Monday settled mixed with Jun gold at a 1-1/4 year high. Metals prices were boosted by the fall in the dollar index to a 1-1/4 year low and by increased demand for gold as an inflation hedge after the Apr ISM prices-paid sub-index climbed to a 19-month high. Copper closed lower on demand concerns after the Apr ISM manufacturing index and the China PMI manufacturing index both were weaker than expected.