HUGE news 33 minutes of proof BYE-BYE to $1,200 hello $10 grand

[RUNFORTHEHILLS]

http://www.youtube.com/watch?v=M0-hGHJSgNA


enjoy

[Phil_Schnieder]

Thank you.

www.goldbasics.blogspot.com.

[mamboni]

Metals Futures to Make New Highs in 2010?
Metals Futures to Make New Highs in 2010?
By Dave Pappas, Archer Financial Services

Gold and silver have remained strong despite the recent strength of the U.S. dollar. In December 2009, gold made new all time highs at $1,219 an ounce. Gold then retreated to a recent low $1,052 before climbing its way back to the $1,153 level. When compared to other precious metals, silver has lagged behind gold and many industrial metals. Silver made a high in March 2008 at $20.68 an ounce, before plunging to a low of $14.68. Although silver is an underdog in the precious metals group, it was able to recover to $18.20 and many analysts believe it is ready to explode to the upside.





Recently, gold advanced to a one month high, as the Greek sovereign debt default concerns made gold a safer investment than holding currencies. The demand for gold during these times is not only a safe haven vehicle, but it is also an inflation hedge. In addition to its refuge status in times of economic turmoil, the price of gold has been underpinned by physical demand from India and China.

Palladium hit a two-year high at $507.50 an ounce. Demand from carmakers is improving and is likely to accelerate in the months ahead. Carmakers account for more than half of the world’s palladium consumption. Platinum hit a 20 month high at $1700. “We remain tactically bullish for both metals this year, expecting their price increase to outstrip gold. We expect to see this year a rebound in auto-related platinum group metal demand, as worldwide vehicle production rises.” – Edel Tully

Copper hit new highs on the Comex Exchange at $4.2700 a pound in May 2008. Since then, it has retreated from its high and recently is trading between the $3.30 - $3.50 level. In spite of the break from the high level that was registered two years ago, copper still appears to be in a bull market. Copper is enjoying a major upswing in demand that is coming from the housing, construction and electronics manufacturing sectors. In spite of the slow economic recovery in the U.S., the price of copper has more than doubled since the lows of late 2008. Much of the increase in demand is coming from China, which is the world’s largest consumer of copper. The U.S. consumption component is a different story, however. The U.S. demand for copper is not dropping off, but it has not increased since the middle of 2009.



While the Chinese economy is growing very quickly, the economic recovery in the U.S. still appears to be rather anemic. The on balance better global economy has sparked some buying interest in commodities in 2009 and 2010. The S&P500 futures remain on a steady path to higher levels, which has given psychological support to many commodities. Even though the U.S. dollar has climbed its way back to above 81, many commodities, which are considered greenback sensitive, have been able to register spectacular gains. This is a sign that further price gains are likely for the precious metals and the industrial metals.

If you would like more information about this article or have any questions or comments, please contact us at 1.877.690.7303 or send an email to david.pappas@archerfinancials.com.


http://insidefutures.com/article/145...n%202010?.html