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Looking At The Other Metals

|Includes:GLD, iShares Silver Trust ETF (SLV)

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.

silver

copper

Stocks: SLV, GLD