Financial and Precious Metal Review

Futures Markets : Financial and Precious Metal Reviews Be back with futures markets , we will narrow the topic on finance and metal market. The following is the financial and precious metal review this week. Just have a note on the information that needs for your trading. Good luck!

At the beginning of the week, it looks like it may be higher as telecommunication, utilities, and pharmaceuticals sectors lead the way. Some feel the losses over the last few weeks could have been too extreme. The traders with money might be testing the market. On Friday, the Federal Reserve will be making announcement so one would expect Bernanke to give some sort of guidance.

If the Federal Reserve announces a new stimulus plan, it could boost the market for the short term. The lack of confidence may be part of the issue that is suppressing the market, and so bringing the bears out. Around political issue, Libyan rebels are moving closer to overthrowing the government. This has also given the market a little boost this morning.

That Qadaffi's sons have been captured shows the current administration is on its last leg. Lowe's announced that it may buy back up to $5 billion worth of stock, but the program will have no expiration date. The company also said it may implement a regular quarterly dividend of 14 cents. Lowe's has a slow second quarter, and blamed bad weather, and a cutback in spending by consumers.

Just talk about confidence! That a lack of confidence in Europe's bank and debt issues seems to be still. This has not gone away. While the wealthy individual dabbles in the stock market, the consumer may be sitting on the sidelines in cash.

The question is whether or not today's rally will be short lived. This trader believes that it is and that caution should be used at this juncture. The S&P still has support at levels in the low 1100s and can be reached in one day of negative press.

*Chart courtesy Gecko Software’s Track n’ Trade Pro Past performance is not necessarily indicative of future results.

End up the financial review for the week, we will now turn to metal markets. Precious metal markets continue to move higher when gold is getting ever so close to the $1,900 mark, and silver looks to have finally broken above $42. The metal markets are not just considered as a safe haven however the world's second reserve currency as these markets keep on moving higher and higher.

Come closed to each market, Gold will look to break $1,900 this week whild Copper continues to be range bound from $3.95 to $4.05 as this market is consolidating at these levels. As predicted, copper will try and push higher above the range as the equity markets may get a bounce this week after all the selling that has taken place.

Disclaimer : Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors.

Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.

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Financial and Precious Metal Review

by Jack Johnson on Aug 24, 2011

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Financial and Precious Metal Review — Presentation Transcript