Closing Comments,Metals Real Time News items

• Gold Closes Up 1.4% to 923.50Posted:11/07/2009 15:26 GMT by NeedToKnowNews
  An early morning rally sent Gold flying into positive territory and reaching highs of 931.60. Although Gold would pare its gains in the afternoon, it still closed above its 9-day moving average (919.70) for the first time this week.
• Gold Closes Down 2.4% to 895.90Posted:09/07/2009 15:26 GMT by NeedToKnowNews
  Gold traded lower in premarket trading and cratered in the first two hours of the floor session, falling through support at the 900 level. Although Gold quickly rallied back up to 904, sellers pushed it below 900 again right before lunch. Gold would ultimately close above lows (892.50) but finished below the 900 handle for the first time in a month.
• Copper Closes Up 2.8% at 16.50Posted:15/07/2009 0:19 GMT by NeedToKnowNews
  Copper rose most of the morning and traded above the 170 handle for two hours, but profit taking on the close sent Copper tumbling back through that level.
• Gold Closes Down 2.7% to 914Posted:12/07/2009 12:46 GMT by NeedToKnowNews
  Gold traded lower during the electronic session, and really fell off a cliff when equities opened higher. IT continued to sell off during the morning, and looked set to test the 900 level but bottomed out at 906. Gold would eventually pare its losses into the close but fell for the seventh straight day. Below 900, there will be further support at coincident lows of 890 and the 200-day moving average of 867.
• Copper Closes Up 5.6% to 160.20Posted:09/07/2009 12:53 GMT by NeedToKnowNews
  Copper traded higher overnight, blasting through yesterdayâs high (155) in premarket trade, and shooting higher on the COMEX open. However, the 160 level could not be breached and sellers pushed Copper lower for most of the morning, before support near 157 held. Copper would then rally the rest of the day and close near highs.
• Gold Closes Down 2.5% to 970.50Posted:12/07/2009 21:22 GMT by NeedToKnowNews
  Gold caught a bid right off then open and rallied towards resistance that 1000 level. However, Gold peaked at 997 and trended lower the rest of the day. It plunged lower on the equities open and continued to sell off as S&P extended its gains. Gold pared its losses into the close but finished lower for the second straight day.
• Gold Closes Up 2.6% to 1002.20Posted:10/07/2009 10:57 GMT by NeedToKnowNews
  Gold traded higher in the premarket session and edged above the key 1000 level in the first hour of trade. Sellers soon knocked Gold back down to 990, but Gold caught a bid in the afternoon to blast back through that 1000 handle. Although Gold closed off its highs of 1007.70, it finished above 1000 for the first time since March. The next level of resistance is the March high of 1033.90.
• Copper Closes Down 3.8% to 141.65Posted:09/07/2009 15:31 GMT by NeedToKnowNews
  Copper plunged into negative territory in the premarket session and dipped below the 140 handle just after the open. It fell to a low of 139.50, but ultimately closed back above that 140 level. For the week, Copper declined 8%.
• Copper Closes Down 7.5% to 142.30Posted:09/07/2009 19:15 GMT by NeedToKnowNews
  Although Copper plunged through support at 150 overnight, it started to pare its gains into the COMEX open. However a surge in sellers accompanied the start of the floor session, and Copper made new lows the rest of the day. The next support level for Copper is at the 140 handle, just above the February 2 low.
• Copper Closes Up 0.2% to 153.85Posted:14/07/2009 22:40 GMT by NeedToKnowNews
  Copper hit its high of the day (157.60) just as COMEX opened but erased most of its gains during the floor session. Copper twice bounced off support at 155, but a spike in volume sent Copper plunging through that level just before lunch. It would plummet all the way down to 153, before a late rally edged Copper back into positive territory on the close. For the week, Copper lost 5.6%.
• Gold Closes Up 4.70 to 949.20Posted:11/07/2009 7:51 GMT by NeedToKnowNews
  Gold opened in negative territory and spend the first hour of floor trade in the red. However, it soon caught a bid, erasing its losses and rocketing into positive territory. It trended higher the rest of the day, even rallying through 950 Gold would ultimately settle below that level but closed higher for the third straight day.
• Copper Closes Down 0.55 to 153.45Posted:12/07/2009 5:11 GMT by NeedToKnowNews
  Copper fell during premarket hours and continued to sell off as the floor session opened. A double bottom ultimately formed near support at 150 and buyers briefly sent Copper into positive territory. However, the gains were short lived and selling pressure into the close sent Copper back into the red. Copper has closed in negative territory every day this week.
• Gold Closes Up 2.5% to 928.20Posted:09/07/2009 10:54 GMT by NeedToKnowNews
  Gold rocketed higher in overnight trading and stayed in positive territory for the entire session. It dipped to 913 two hours in the COMEX session, but buyers soon re-entered the market and sent Gold closing near highs. Gold is now firmly above 899.20, the 2/3 retracement from its Oct 24 low (681) to Mar 17 high (1033.90).
• Copper Closes Up 0.5% to 146.45Posted:09/07/2009 15:32 GMT by NeedToKnowNews
  Copper opened the floor session at lows, but a rush of buying erased most of its losses. However, it could not break through yesterdaysâ close of 145.75, and Copper came crashing back down. It made new intraday lows (140.65), but then shot all the way back up in the afternoon. Copper rallied into the positive territory and closed higher for the third time this week.
• Gold Closes Up 1.8% to 904.20Posted:10/07/2009 20:57 GMT by NeedToKnowNews
  Gold traded lower during the premarket session, bottoming out at 874.20. It started to trend higher as the open approached and a surge in buying two hours into NYMEX trade sent Gold flying past yesterdayâs close of 888.20. The rally continued in the afternoon and Gold closed above the 900 handle for the first time in 3 days.
• Copper Closes Down 2.4% to 146Posted:09/07/2009 10:54 GMT by NeedToKnowNews
  Copper fell sharply in overnight trading and never tested resistance up at yesterdayâs close of 149.60. It plunged through both its 9-day (148.42) and 21-day (148.19) moving averages en route to a low of 142.10 just before the open. Although it pared its losses during the floor session, todayâs decline wiped out the gains for the week.
• Gold Closes Down 1.3% to 887.70Posted:12/07/2009 22:38 GMT by NeedToKnowNews
  Gold opened lower but started to rally in the opening hour of floor trade. However, it could not break through resistance at yesterdayâs close of 899.50 and spent the entire floor session in the red. Gold bottomed out at 882.40 just before lunch and pared its losses in the afternoon but closed below 900 for the second straight day.
• Copper Closes Up 0.7% to 140.50Posted:11/07/2009 4:31 GMT by NeedToKnowNews
  Copper blasted into positive territory in premarket trade and really took off an hour into the COMEX session. However, Copper formed a double top just above resistance at 155 and gave back most of its gains into the close. For the second straight day, Copper stayed entirely within the previous dayâs range.
• Copper Closes Down 6.4% to 148.60Posted:09/07/2009 10:54 GMT by NeedToKnowNews
  Copper fell through yesterdayâs close of 158.65 during the premarket session and plunged deeper in the red after the COMEX opened. However, yesterdayâs low of 144.30 was not breached, and Copper stayed entirely within the previous dayâs trading range. Copper pared its losses later in the day and finished just above its 9-day moving average of 148.30.
• Gold Closes Up 1.2% to 908.80Posted:09/07/2009 10:53 GMT by NeedToKnowNews
  Gold was higher in premarket trading but sold off just as the COMEX opened. Support ultimately held just below Fridayâs close of 897.70 and Gold rocketed to new highs (918.20). Although Gold pared its gains into the close, it still closed above 899.20, the 2/3 retracement from its Oct 24 low (681) to Mar 17 high (1033.90). This suggests Gold may soon return to the Mar 17 high.
• Copper Closes Up 5.4% to 147.20Posted:10/07/2009 16:09 GMT by NeedToKnowNews
  Copper rallied into the opening, breaking through resistance at yesterdayâs close of 139.60. It continued to make higher highs throughout the session, rocketing through its 21-day moving average (144.10) in the process. Copper would ultimately close near intraday highs but fell just short of its 9-day moving average of 147.86.
• Gold UpdatePosted:09/07/2009 15:27 GMT by NeedToKnowNews
  Overnight, Gold traded lower but held support at its 21-day moving average (851.64). It then caught a bid with a spike in volume and rocketed through its 200-day moving average of 861.06. The rally continued as the COMEX opened and is now up 2.6% at 881.30. The next level of resistance is up at the December 29 high of 875.30.
• Gold Closes Up 0.9% to 857.80Posted:09/07/2009 18:04 GMT by NeedToKnowNews
  Gold opened the day lower but hit its low (843.50) soon after the open. A spike in volume before lunch sent Gold flying into positive territory and Gold stayed above 850 the rest of the day. For the third straight session, Gold rallied above its 200-day moving average (861.42) only to finish below this level. A close above this resistance level could lead to a sharper move higher.
• Copper Closes Down 2.6% to 139.60Posted:14/07/2009 22:04 GMT by NeedToKnowNews
  Copper traded higher overnight although it never breached its 9-day moving average of 148.88. The metal would trend lower into the open and plunged into the red early in the session. Copper would also plummet through the January 13 low of 141.35 en route to closing below the 140 handle. The next significant support level is down at the December 26 low of 125.50.
• Copper Closes Down 4.8% to 143.30Posted:11/07/2009 3:03 GMT by NeedToKnowNews
  Copper traded higher overnight but fell through yesterdayâs close of 150.45 by the time the COMEX opened. Copper would continue to make new lows as the session wore on but support at the January 13 low of 141.35 held. Copper ultimately caught a bid into the close to finish just above its 21-day moving average of 143.20. Over the last two days, Copper has lost 6.2%.
• Gold Closes Up 1.7% to 854.60Posted:10/07/2009 16:20 GMT by NeedToKnowNews
  Gold traded lower overnight but a surge in buying sent Gold flying through Fridayâs close (839.90). Gold would continue to rally, breaching both its 21-day (848.20) and 200-day (861.70) moving averages before pare its losses into the close.
• Gold Closes Down 0.2% to 807.30Posted:09/07/2009 12:45 GMT by NeedToKnowNews
  Gold sold off right before the open to give back its premarket gains, but support at yesterdayâs close of 808.80 held. Gold would then rally early in the session, peaking at a high of 822.10, before plunging into negative territory. Gold rebounded before reaching the 800 handle and nearly erased its losses into the close.
• Copper Closes Down 2.2% to 145.45Posted:09/07/2009 20:37 GMT by NeedToKnowNews
  Copper traded lower premarket but caught a bid soon after the open. It was able to erase its overnight losses, but could not break through resistance at yesterdayâs close of 148.75. After sellers pushed Copper down to yesterdayâs low of 145, buyers flooded back in to rocket Copper all the way up highs of 151.35. The gains were again short-lived and Copper ultimately retreated back to the 145 level on the close.
• Gold Closes Down 1.5% to 808.80Posted:18/07/2009 3:03 GMT by NeedToKnowNews
  Gold traded higher in during the premarket session but plunged into negative territory two hours after the open. It tumbled to a low of 807 and stayed in the red for the remainder of the session. Although Gold trended higher into lunch, it sold off again into the close and finished near lows.
• Copper Closes Up 3.5% to 154.70Posted:09/07/2009 13:25 GMT by NeedToKnowNews
  Copper traded lower overnight, but never dipped below its 20-day moving average of 140.60. About an hour before the open, Copper bounced off the 142 handle and started to rally. Buyers rocketed it through yesterdayâs close (148.85) and sent it to highs of the day right before the floor session ended.
• Gold Closes Down 4% to 820.70Posted:13/07/2009 6:10 GMT by NeedToKnowNews
  In the run-up to the open, Gold plunged through support at Wednesdayâs low of 836. The selloff continued in the opening minutes of floor trade and the 830 level (coincident lows from late December) was breached as well. Buyers briefly sent the metal back above this level by mid-morning but Gold would ultimately close near lows.
• Copper Closes Down 4.5% to 148.85Posted:10/07/2009 2:45 GMT by NeedToKnowNews
  Copper plunged in premarket trade but formed a double bottom at 145.50 before the open. This support level held in the early portion of floor trade, and Copper slowly pared its losses into the close.
• Gold Closes Up 1.5% to 854.50Posted:16/07/2009 0:21 GMT by NeedToKnowNews
  Gold dipped into negative territory in the run-up to the open, but a surge in volume quickly sent it highs. Gold shot up to 865.30 but soon pared its gains and spent most of the day hovering around 855.
• Silver Closes Down 3% to 11.105Posted:15/07/2009 3:26 GMT by NeedToKnowNews
  Silver opened higher and rallied in early part of the floor session. It breached resistance at yesterdayâs high of 11.55 but could not break through the 11.60. Silver then fell off a cliff as sellers pushed it all the way down to 10.88. Silver would regain the $11 handle by the end of the day but still gave back all of yesterdayâs gains.
• Copper Closes Down 5.2% to 151.15Posted:15/07/2009 1:51 GMT by NeedToKnowNews
  Copper shot higher overnight, peaking at 162.25, but moved into red by the time the COMEX opened. Copper would spend the whole session in negative territory and fell out of bed in the first two hours of trade. Copper ultimately bottomed out at 150.50 and this level served as support for the remainder of the day.
• Gold Closes Down 2.7% to 837.40Posted:09/07/2009 10:53 GMT by NeedToKnowNews
  Gold sold off heavily in premarket trading but found support just below its 9-day moving average of 830.80. Gold would rally after the open to pare its losses, but could trade no higher than 842.50. For the week, Gold gained 2.1%.
• Copper Closes Up 2.2% to 132.70Posted:09/07/2009 10:53 GMT by NeedToKnowNews
  Copper hovered around yesterdayâs close of 130.15 during premarket trading, but caught a bid as the floor session opened. Copper moved firmly into positive territory but twice bounced off resistance at 134 before paring its gains into the close. For the week, Copper lost 7%.
• Silver Closes Down 2.6% to 11.12Posted:09/07/2009 23:14 GMT by NeedToKnowNews
  Silver plummeted on the open and even dipped under the $11 handle just before 10am. The rest of the day was uneventful as Silver was stuck in a range between 11.05 and 11.15.
• Copper Closes Down 5% to 130.30Posted:10/07/2009 9:20 GMT by NeedToKnowNews
  Copper was significantly lower overnight and continued to sell off during the floor session. Two hours after the open, Copper rallied but could not break through resistance at yesterdayâs low (132.85). It then plunged 130 handle before edging back over that level on the close.
• Copper Closes Down 0.3% to 137.45Posted:09/07/2009 23:02 GMT by NeedToKnowNews
  An hour before the open, Copper plunged through support at both 140 and the December 5 low of 135.60. Copper ultimately bottomed out at 133 but could not breach resistance at yesterdayâs close of 137.85.
• Platinum Closes Up 2.3% at 869Posted:09/07/2009 10:53 GMT by NeedToKnowNews
  Platinum had traded below Gold for most of the day, but a late Platinum rally sent it past Gold on the close. Gold, still trading on the floor until 1:30, is currently up 3% at 868.40
• Gold Closes Up 0.7% to 842.70Posted:14/07/2009 5:31 GMT by NeedToKnowNews
  Gold held support above 830 during premarket trade and proceeded to make higher highs and higher lows during the floor session. Gold ultimately closed at highs of the day but could not breach resistance at yesterday's high of 843.70.
• Copper Closes Down 2% to 137.85Posted:15/07/2009 0:45 GMT by NeedToKnowNews
  Copper traded lower overnight but caught a bid at the open to move into positive territory. The rally continued for the first two hours of the day, but Copper peaked at 142.80 before selling off the rest of the day and closing at lows.
• Gold Closes Up 2% at 837.10Posted:15/07/2009 1:05 GMT by NeedToKnowNews
  Early in the session, Gold rocketed through resistance at 930 and coincident highs of 835. It peaked at 843.70 before pulling back, but Gold still closed at its highest level in two months.
• Silver Closes Up 4% to 10.63Posted:15/07/2009 11:02 GMT by NeedToKnowNews
  With a strong morning rally, Silver briefly breached resistance at the Nov 24 high of 10.705. Silver soon retreated to 10.60 and a subsequent rally was halted at 10.70 but Silver still finished significantly higher on the day.
• Copper Closes Down 1.6% to 140.70Posted:12/07/2009 23:48 GMT by NeedToKnowNews
  Copper tumbled through its 9-day moving average of 146.43 overnight and opened the floor session lower. Copper quickly reversed course and rallied firmly into positive territory but could not break through resistance at 145. Sellers would ultimately send Copper to new lows at the close with Fridayâs low of 137.60 serving as support tomorrow.
• Gold Closes Down 0.8% to 820.05Posted:18/07/2009 2:29 GMT by NeedToKnowNews
  Gold traded lower overnight, but erased its losses an hour into the session. It would briefly trade in positive territory, but Gold soon dipped back into the red, and sellers pushed it lower in the close. For much of the day, front-month Gold traded above front-month Platinum, but the late selloff in Gold reversed it. Platinum, which finished at 822.10, had not closed below Gold in 15 years.
• Copper Closes Up 1% to 151.20Posted:14/07/2009 16:51 GMT by NeedToKnowNews
  Copper traded in positive territory for the most of the session and a spike in volume sent it rocketing higher late in the day. However, Copper bounced off resistance at Mondayâs high of 154 before paring its losses into the close.
• Gold Closes Up 0.6% to 773.70Posted:09/07/2009 10:53 GMT by NeedToKnowNews
  Like Silver, Goldâs entire daily trading range was entirely within yesterdayâs swing. Gold formed a double bottom at 765 in the morning and rallied into positive territory by lunch. Although Gold could not break through resistance at its 9-day moving average, it still closed higher for the second straight day.
• Silver Closes Down 1.4% to 9.84Posted:11/07/2009 2:49 GMT by NeedToKnowNews
  Todayâs 42.5 cent range in Silver was much narrower than yesterdayâs 92 cent swing. Silver edged into positive territory with a late day rally, but was unable to breach the key $10 level. Silver then sold off into the close to finish the day in the red.
• Copper Closes Down 3.8% to 144.05Posted:09/07/2009 10:52 GMT by NeedToKnowNews
  Copper traded in the red for the entire session but caught a bid an hour into the trading day. It rallied from 142.25 all the way up to 147.50, but could not breach resistance at that level. Copper ultimately sold off for the remainder of the day to give back more than half of yesterdayâs gains.
• Silver Closes Up 5.9% to 9.985Posted:09/07/2009 16:22 GMT by NeedToKnowNews
  Silver rallied through resistance at last Mondayâs high (10.32) but peaked at 10.40 late in the morning. Profit taking took over late in the day and Silver closed just below the key $10 level. Silver will likely test the $10 handle again tomorrow with support down at the 9-day moving average of 9.813.
• Copper Closes Up 9.4% to 150.25Posted:12/07/2009 2:15 GMT by NeedToKnowNews
  After pulling back to 149 after its initial surge on the open, buyers sent Copper to new highs late in the morning. A spike in volume rocketed Copper through the previous high of 152 and up to 154. However, Copper could not break through resistance at this level and it retreated back to 150 on the close. Tomorrow resistance will be up at todayâs high of 154 and the 9-day moving average of 157.
• Gold Closes Down 1.7% to 752.20Posted:14/07/2009 19:52 GMT by NeedToKnowNews
  Gold plunged into red right off the open, but the poor jobs report rocketed it back into positive territory. Gold was very extremely volatile in early trade, and sellers then sent it down $20 to new lows in a matter of minutes. Gold would continue to sell off the rest of the morning, but pared its losses into the close.
• Copper Closes Down 6.6% to 137.20Posted:12/07/2009 13:57 GMT by NeedToKnowNews
  Copper fell out of bed in the run up to the open and hit its low of the day (135.60) early in the floor session. Buyers would send it back up to 140.75 but Copper eventually sold off into the close and inished at its lowest levels since Feb-04. Copper has fallen for six consecutive sessions and is down 18.5% in this time period.
• Gold Closes Down 0.6% to 765.30Posted:09/07/2009 10:20 GMT by NeedToKnowNews
  Gold traded in positive territory for much of the day, rallying above yesterdayâs high of 784 and peaking at 790. However, Gold gave all the gains back and plunged through support at yesterdayâs low of 770.50. Gold would eventually close near lows and finish in negative territory for the second straight day. Goldâs measured move objective indicates a trip to 725 in the near future.
• Silver Closes Down 0.3% to 9.57Posted:14/07/2009 17:07 GMT by NeedToKnowNews
  Silver spent most of the day in negative territory and hits its low (9.34) early in the session. Although it rallied in the morning and briefly traded in positive territory, sellers flooded into the market at 9.70 (the past two days, resistance was at 9.75). A spike in volume quickly sent Silver back into the red, and it closed lower for the second straight day.
• Copper Closes Down 5.5% to 147Posted:10/07/2009 0:02 GMT by NeedToKnowNews
  Copper traded lower premarket, but formed a double bottom at 153 just after the open. It started to rally during the floor session but it could not break through resistance at yesterdayâs close of 155.45. A spike in volume sent Copper lower, and it plunged through support at 153. Copper continued to crater for the rest of the day and it closed at its lowest level since Jun-05. The next major support level will be at 140.
• Silver Closes Down 0.2% to 9.60Posted:14/07/2009 18:41 GMT by NeedToKnowNews
  Silver hits its low of the day (9.295) just before the open but buyers sent it higher for the first two hours of floor trade. It rallied into positive territory, but could not break through resistance at 9.75 for the second straight day. Silver would eventually give back its gains and dip into negative territory on the close.
• Copper Closes Down 3% at 155.35Posted:09/07/2009 14:34 GMT by NeedToKnowNews
  Copper traded lower overnight and really started to plunge in the hour before the open. The selloff continued during the floor session until a double bottom eventually formed at 151.60. Copper ultimately pared its losses the rest of the day but the 151.60 level was the lowest Copper traded since Jun-05.
• Silver Closes Up 2.5% at 9.61Posted:14/07/2009 18:57 GMT by NeedToKnowNews
  Silver traded lower overnight but edged above yesterdayâs close (9.38) right before the open. It shot higher in the opening minutes of floor trade but bounced off resistance at 9.75 and did not revisit that level the rest of the day.
• Copper Closes Down 2% to 159.90Posted:09/07/2009 16:39 GMT by NeedToKnowNews
  Copper plunged to a low of 157.50 overnight before paring its losses into the open. Copper continued to rally during the floor session, but it bounced off resistance at 162.50 three times, and retreated below 160 on the close.
• Metals ClosePosted:09/07/2009 10:52 GMT by NeedToKnowNews
  Metals finished mixed Gold up 1.8% to 748.70, Silver falling 3% to 9.025, Platinum tumbling 4% to 790.10 and Copper shedding 1.7% to 157.55. Gold sold off on the open but twice bounced off support at yesterdayâs close of 736. Gold would rally into lunch and spent most of the afternoon hovering around the 750 handle. Silver traded higher premarket but plunged lower in the first two hours of trading. Buyers ultimately came back into Silver just above last Thursdayâs low (8.777) and Silver pared its losses into the close. Copper traded in negative territory for the entire session and never seriously challenged resistance at yesterdayâs close of 160.15. Copper closed near the bottom of its trading range and finished lower for the second straight day.
• Metals ClosePosted:09/07/2009 19:34 GMT by NeedToKnowNews
  Metals finished mixed with Gold up 0.5% to 736, Silver down 2.5% to 9.31, Platinum shedding 1.6% to 823.7 and Copper tumbling 3.6% to 160.15. Gold rocketed higher off the open, touching 764.80 at one point, but gave back all of its gains by lunch. Buyers sent Gold back into positive territory in the afternoon but closed well off its highs of the day. Silver was up over 2% at its high, but sold off sharply late in the morning. It attempted to rally after lunch, but still finished near lows of the day. Copper spent the entire floor session in negative territory and its morning rally was halted by resistance at yesterdayâs close (166.20). Copper would then plunged to lows but support held at the 160 handle.
• Metals ClosePosted:14/07/2009 20:35 GMT by NeedToKnowNews
  Metals finished mixed with Gold down 1.2% to 732.70, Silver up 2.3% to 9.54, Platinum rising 2% to 837 and Copper adding 0.3% to 166.20. Gold opened lower and spent most of the morning in the red. Gold rallied out of negative territory by lunch but quickly reversed course to reverse its gains. Although Gold held support at its 9-day moving average (732), it still finished near lows. Like Gold, Silver opened lower but managed to reverse its losses with a morning rally. Silver shot to a high of 9.74 breaking through its 9-day (9.63) and 21-day (9.65) moving averages in the process. It could not hold these levels as it pared its gains in the afternoon but Silver still closed in the top end of its trading range. After an initial selloff on the open, Copper rocketed higher for the rest of the morning. It blasted through resistance at yesterdayâs close (165.65) and hit a high of 170 before giving most of the gains back in an afternoon selloff.
• Metals ClosePosted:09/07/2009 14:00 GMT by NeedToKnowNews
  Metals finished lower across the board with Gold down 0.1% to 742, Silver falling 1.7% to 9.33, Platinum declining 2.9% to 821 and Copper dropping 3.5% to 165.45. Gold plunged on the open, and hit a low of 729.60 before edging higher the rest of the morning. It shot through its 21-day moving average (738.60) at lunch but could not break through resistance at the 750 level. Gold then sold off for the rest of the day and dipped into negative territory on the close. Like Gold, Silver sold off on the open before catching a bid at lunch. However, Silver could not break through resistance at Fridayâs close (9.49) and finished in the bottom half of its trading range. Copper plummeted in premarket trading and the selling continued at the beginning of the floor session. Although Copper would later pare its losses, it still finished significantly lower on the day.
• Metals ClosePosted:10/07/2009 4:06 GMT by NeedToKnowNews
  Metals finished significantly higher across the board with Gold up 5.4% to 742.70, Silver jumping 8% to 9.50, Platinum rising 4% to 845.10 and Copper adding 4.5% to 170.25. Gold rocketed to highs on the open but could not break through resistance at 750. Gold was rebuffed at the 750 level twice more during the day before traders took profits into the close. Silver also hit its high (9.70) early in the session but did not challenge that level again. It spent most of the day in a tight range between 9.40 and 9.60 and closed near its highs. Platinum rallied overnight and spent most of the day hovering around 845. It closed just above its 9-day moving average of 844.30. Copper rallied through its 9-day moving average of 173.70 but could not hold that level on its way back down. Copper ultimately bounced off support at 169 and edged higher into the close.
• Metals ClosePosted:14/07/2009 20:40 GMT by NeedToKnowNews
  Metals finished lower across the board with Gold down 1.7% to 705, Silver falling 4.8% to 8.80, Platinum declining 1.5% to 813 and Copper off 1.5% to 162.40. Gold hit a high of 725.90 two hours into the day but sold off for the remainder of the morning and the first part of the afternoon. Gold finally held support at the key 700 level and rallied into the close, but still finished lower for the third straight day. Silver traded in negative territory for the entire session but rallied in the afternoon to pare its losses on the day. Copper spent most of the day bouncing off resistance at yesterdayâs close (165.55) and sold off into the close as it hit session lows.
• Metals ClosePosted:10/07/2009 4:07 GMT by NeedToKnowNews
  Metals finished mixed with Gold down 1.6% to 720.80, Silver falling 3.4% to 9.475, Platinum shedding 0.1% to 825.1 but Copper gaining 0.4% to 165.40. Gold fell into negative territory in the run up to the open and the selloff continued in the floor session. It tumbled all the way to 711.50 before rallying in the afternoon to pare its losses. Silver formed a double bottom at 9.50, but sellers pushed it below this support level on the third time of trying. Silver then bounced off the 9.30 level and rallied in the afternoon, but it still closed below 9.50. Platinum repeatedly bounced off support at yesterday's close (826.6) early in the session but could not hold this level as lunch approached. However, Platinum soon recovered and closed the day relatively unchanged. Copper could not pick a direction today and see-sawed between positive and negative territory. Copper frequently bounced off support just below the Oct 27 low (162.65) before staging a rally into the close.
• Metals ClosePosted:09/07/2009 20:09 GMT by NeedToKnowNews
  Metals finished lower with Gold down 1.8% to 733.20, Silver falling 4% to 9.805, Platinum shedding 3.9% to 826.60 and Copper plunging 5.9% to 164.80. Gold sold off on the open and spent most of the morning hovering around 734. Two hours into the floor session, a spike in volume sent Gold to lows. Support held at Fridayâs low of 725.50 and Gold rallied back up to 737, but late day selloff sent the metal back below Fridayâs close (734.20). Like Gold, Silver plummeted to lows (9.53) two hours into the trading day. Silver then rallied for the rest of the day to pare its losses and close just above its 21-day moving average (9.804). Copper made lower lows and lower highs the entire session and more than gave back yesterdayâs gains. Tomorrow, support will be at the October 27 low of 162.65.
• Metals ClosePosted:09/07/2009 21:03 GMT by NeedToKnowNews
  Metals were higher across the board with Gold up 1.8% to 746.90, Silver gaining 2.6% to 10.225, Platinum rising 0.9% to 859.90 and Copper adding 3.2% to 175.05. Gold rocketed higher as the COMEX opened and hit 768.90 in the first hour of trading. However, it quickly reversed course and fell through support at 750 as lunch approached. Although Gold rallied into the close, it finished well off its morning highs. Silver also hit its high (10.535) as the floor session opened and sold off for the rest of the morning. Although Silver closed significantly off highs, it stayed in positive territory for the entire day and never dipped below the $10 level. Copper was up 11.4% at its high but made lower lows and lower highs after 8:30am. Trading was light in the last hour of the day as Copper kept bouncing off support at 175.
• Metals ClosePosted:09/07/2009 13:00 GMT by NeedToKnowNews
  Metals finished mixed with Gold up 0.3% to 734.20, Silver down 0.9% to 9.963, Platinum rising 2% to 852 and Copper falling 1.7% to 169.70. Gold rallied on the open but plunged lower after NonFarm Payrolls data was released. It ultimately held support at yesterdayâs close of 732. Gold engaged in choppy trading for the rest of the day and bounced off 732 one more time in the afternoon before edging higher into the close. Silver plunged through support at the $10 level after the unemployment data was released but rallied back into positive territory by midday. The rally was short-lived, however, and Silver ended up selling off after lunch and making new lows. Platinum shot higher during premarket trading but slowly pared its gains during the floor session. Copper held support at 170 for most of the session but sellers this level was breached late in the day. Copper fell for the third day and has shed 13% during this period.
• Metals ClosePosted:09/07/2009 15:52 GMT by NeedToKnowNews
  Metals finished lower across the board with Gold down 1.2% to 732.50, Silver falling 3.5% to 10.09, Platinum tumbling 4.7% to 838.30 and Copper plunging 5.3% to 172.30. Gold rallied on the open and reached its high of 761.30 early in the session. However, sellers sent Gold lower and it eventually plunged through support at yesterday's close of 742.40. After briefly halting at the overnight low of 735, it sold off again and closed lower for the second straight session. Like Gold, Silver shot higher on the open. It repeatedly challenged resistance at 10.80 before reversing course and plummeting into negative territory. It sunk to a low of 9.85 before rallying to pare its losses into the close. Platinum repeatedly bounced off resistance at yesterday's close (880) early in the session and ultimately sold off in the afternoon to close at lows. Copper spent the entire floor session in negative territory. It made lower lows and lower highs throughout the day until it finally held support at the 172 level.
• Metals ClosePosted:14/07/2009 23:18 GMT by NeedToKnowNews
  Metals finished mixed with Gold down 2% 741.60, Silver up 3.5% to 10.485, Platinum rising 2.5% to 879 and Copper plunging 7.1% to 181. Early in the session, Gold shot past yesterdayâs close (757.30) and moved into positive territory. However, the stay was brief, and a spike in volume sent Gold to lows (735.70) by lunch. Gold pared its losses in the afternoon but still gave back half of yesterdayâs $30 gain. In the afternoon, Silver broke through the top end of its lunchtime range (10.37) and rocketed past morning highs (10.515). It rallied all the way up to 10.60 before ultimately paring its losses into the close. Silver has gained 7.5% the last two days. Platinum spent the entire day in positive territory but could not break through resistance just below the 900 level. Copper opened down 6.5% at 183 but rallied as the floor session started. It had erased most of its losses by 10:30, hitting a high of 194, but then shot back down as quickly as it went up. Copper went back through its 9-day moving average (186.47) and closed the day at lows.
• Metals ClosePosted:14/07/2009 16:01 GMT by NeedToKnowNews
  Metals finished higher across the board with Gold up 4.2% to 757.40, Silver rising 3.8% to 10.115, Platinum gaining 3.7% to 857.70 and Copper jumping 6.1% to 195.15. Gold shot through resistance at its 9-day moving average (736) in premarket trading and established a base at 740 an hour into the floor session. Late in the morning, it shot to highs of the day (765) with a flurry of volume, but pared its gains in the afternoon. Silver rocketed to 10.45 open of the COMEX but quickly gave back 35 cents. It surged again before lunch and was up over 8% at its high. Although Silver halved its gains in an afternoon selloff, it still closed above its 21-day moving average of 10.086. Platinum bounced off support at 800 overnight and rallied for the entire session to close at its highs. Copper made higher highs throughout the morning and briefly breached the 200 level. It gave back some of its gains in the afternoon but held support at 195.