Gold and silver continued to show small gains despite what should have been a flight to quality relief selloff following the Greece bailout. Look for a delayed reaction correction throughout the entire metals section starting with a severe silver plunge of $4 or more as early as this week. China's rate hike reinforces the pressure on growth that should handicap copper prices in coming months. ____________ James Mound www.MoundReport.com info@moundreport.com Disclaimer:Trading in futures and options involves a substantial degree of a risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Commodities trading can be extremely risky and is not for everyone. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. Futures Press Inc., the publisher, and/or its affiliates, staff or anyone associated with Futures Press, Inc. or www.moundreport.com, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. Futures Press, Inc., and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of Futures Press, Inc.
I don't know whether I should short Copper now or not. My funds are trapped else where, and I can't pull them off when they are in loss. But I see a very good opportunity here. There is a 90% chance that Copper prices will go down significantly. If I had the necessary funds, then I would have invested in Copper, rather than gold or silver.
