Looking At The Other Metals - Jeff Pierce

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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More

My company:: Astrology Traders
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Looking At The Other Metals 0 comments

Feb 28, 2013 1:14 AM | about stocks: SLV, GLD

By Jeff Pierce
I believe Silver will hold up much better than Gold and until it makes a new multi-year low I have to believe those will hold. I will do some further analysis if that scenario plays out.
Copper is in a multi yr range and is near the apex of a giant symmetrical wedge. RSI is right near 50 (no edge). The long term trend remains up so definitely give the edge to the bulls here, but I don't see any good trade in this commodity at this time.

Themes: Commodities, Copper, silver Stocks: SLV, GLD

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