Small drops for metals today
At the closing bell, 3 out of the four metals took another drive, though less pronounced than they have lately. Here’s the final numbers for today:
Only Palladium managed to come through the day unscathed. Gold did close under $750 for the first time in, well, a long time. Platinum inched ever so slowly closer to breaking below $1100. I don’t know where the bottom is in metals, but apparently we’re not quite there yet. The fundamentals say we should be going higher, and they haven’t changed. Long term I’m very bullish – all four metals will see new highs. When will they start tracking upward again? Your guess is as good as mine. I’d lay money ( or metal ) on the fact that it won’t happen before the US elections.
Leave a Comment
If you would like to make a comment, please fill out the form below.
Recent Comments