GOLD AND SILVER HAVE COME DOWN HEAVILY ON TECHNICAL SELLING AND ALSO SOME SELLING BY CENTRAL BANKS.THE RETAIL INVESTORS ARE ALL LONG ON GOLD AND SILVER AND HENCE THE FUND MANAGERS AND BIG PUNTERS CANNOT LET THE GOLD RISE. THEY WILL BRING DOWN GOLD TO THE LEVELLS WHERE THE RETAIL INVESTORS WILL FEEL THAT THERE IS NO ROOM FOR APPRECEATION AND HENCE EXIT THEIR LONG POSITIONS. THEN ONLY THIS GLITZY METAL SHOULD MAKE A DASH FOR THE SKY. IT HAS MUCH ROOM FOR FURTHER FALL BELOW $600 SPOT. THE PREVIOUS LOW OF AROUND $550 SHOULD HOLD IN THE MEDIUM TERM. SO RETAIL INVESTORS SHOULD EXIT ON RISE AND WAIT FOR MAJOR DIPS TO ENTER OR GO LONG AGAIN.
FOR SILVER IT IS THE SAME STORY ALBEIT WITH A DIFFERENCE. THIS "PUNTERS FAVOURITE"METAL SHOULD NOT GO DOWN THAT MUCH AS THEIR IS DEMAND FOR SILVER FOR INDUSTRIAL USE. YOU CAN BUY SILVER ACCORDING TO THE GOLD LEVELLS.
COPPER IS ANOTHER METAL WHICH HAS TAKEN THE RETAIL INVESTOR'S SLEEP AWAY AS WELL AS THOSE OF THE PHYSICAL TRADERS.WITH SO MUCH FLUCTUATION THE PHYSICAL TRADERS ARE ALSO AWAY FROM THE MARKETS AND ON THE SIDELINES. COPPER IS ALSO PRETTY BULLISH IN THE MEDIUM TO LONG TERM. WE CAN ENTER AT $307 COMEX. WITH A TARGET OF $401.
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