Copper poised for breakout while gold and silver weaken: analyst

By Cecilia Jamasmie

Copper is on the verge of an upside breakout, says analyst Michael Noonan from Edge Trader Plus.

According to the expert, the trend started at the end 
of January and it is likely to continue:

Anything can happen in the markets, but you base your decisions on what is known
and not on what may or may not happen. Could the potential breakout fail? Yes. 
Based on what is known, as of Friday, the odds say No.

As a rule of thumb, he recommends to go only with what is proven or confirmed.

Continue reading

(Image by Ramone/

…read more
Source: Copper News

Other Favorite Posts You Might Like...

6 Tips for Investing in Gold, Silver and other Rar... Investing in precious metals isn't a cakewalk, that much can be sure. It can be especially complicated for beginners, which is why it's wise to arm yourself with all the information possible before ge...
Amplats hit hard by South Africa’s mining strikes,... By Cecilia Jamasmie Anglo American Platinum (Amplats), the world’s top platinum producer, announced Monday an operating loss of $715 million in 2012 as it counted the cost of two months of wildcat s...
Precious Metals Bear Markets: How Much Longer? The problem value investors face is figuring out what cheap is, and when low is low enough to be the bottom (or at least close to it so the drawdown is limited). If you are a value investor today, ...