Explore Special Offers & White Papers from ADMIS

Copper Extends Rally

GOLD / SILVER

With the gold and silver markets extending yesterday’s aggressive rallies and managing those gains in the face of strength in the dollar and against reports that actual vaccinations will begin within the next week, it would appear as if the markets have indeed shed the flight to quality focus.

PLATINUM / PALLADIUM

While both platinum and palladium prices rallied hard yesterday, the platinum market continues to shine the brightest from the charts and from fundamental headline analysis. In the meantime, we suspect palladium will simply follow in the footsteps of gold and platinum with those outside markets needing very definitive gains to drag palladium prices consistently higher.

COPPER

The copper market extended its record-breaking rally yesterday despite-the-fact that the market was extensively overbought as evidenced by the record spec and fund long in last week’s positioning report. In fact, since the COT report posted a fresh record spec and fund long (as of November 24th) the March copper contract forged additional gains of $0.20 and therefore the record spec long from last week, will likely be replaced with another record long this week.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started