This Week Metal Review: May 9th, 2011

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Just learn about the update information around the metal market analyzed by Pitguru Frank LaMantia whenever changes around this market affect on your work!

The Metals Review
For the week of May 9th, 2011

Precious metals finally got liquidated after the huge run they had with Gold trading below $1,500 and Silver falling to $36 from $48 an ounce just in four days alone. This market will likely have a dead cat bounce this week and I think one could see Gold trading back above $1500 and Silver above $39. This market is very volatile right now so options are the way to go in my opinion. Copper fell very hard from $4.20, below the support of $4.10 to $3.92. I believe this too will see a pop back above $4.00 and there looks to be some resistance at $4.05/$4.06 now.

By the way, other review on futures markets will effectively help. Just check out for more supports!