For Day Trading : Metal Market Review
Seeking Alpha Analyst Since 2009
That the news on Osama Bin Laden dead was spread makes the world gets hotter these days. This fact does not only influence on the political but also trading life. The fact shows that markets have strongly changed under the influence on political matter. As traders in day trading futures platform, we need to learn possible changes to plan our work. Since we cannot cover all here, we will have a short review on metal market with [b]Piguru Daniel Cronin[/b] to see how Gold and Silver dance.
Metal markets, how were them affected under the changes on political activities, you know? Let's see precious metals are coming off significantly over the weekend thanks to US forces capture and kill of Osama Bin Laden. This news quickly came out and is huge. To look at details around metals, Silver dropped $5 in a matter of minutes and Gold dropped $30 to $1540. Silver market is now trading $44 and had a low of $42 last night. Some incredible moves as this great news is upon us that the man's dead. Our expert believes the market will now see lower prices for these metals as the war on terror has the potential to slowly come to an end. He will look for Gold to again test $1540 this week with Silver moving to test $40.
Futures market still keeps changing thank to time and influence by political and other activities. When earning and growing from this platform, there is no limit of learning. So, just put an eye around things happen around the world and listen to what experts advise to be sure for your sucess!
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