Absurd Risk on Trade Persists - But For How Long?
by AL MARTIN (INSIDER INTELLIGENCE.COM)
(12-2-12) Feb. Gold contract fell back in line with our expectations in Friday's trade. Early week trade suggested that the Gold wants to retest 1700. We expect that test will be completed in early week trade.
Good crack in the Dec. Silver contract in Friday's trade. Silver has been consistently overbought, relative to the Gold. The adjustment came in Friday's session. We think that the Silver will come down for a test of 32.50 in the coming week's session.
For the rest of this column of commodity futures trading recommendations, go to independent trader Al Martin's website Insider Intelligence
* AL MARTIN is a market trader as well as an independent political/ economic analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. He is considered to be a source of independent analysis for financially sophisticated and market savvy investors, as well as subscribers who want to understand the behind the scenes working of markets worldwide.
Check out Al Martin's website Insider Intelligence which provides weekly commodity futures trading recommendations.