In spite and despite all the news etc, one should use sharp dips till the Federal Reserve meeting on 20-21 September to invest for the long term. Demand will start to pick up in silver and industrial metals as the month progresses. Factories will start making for Christmas and New Year end and also the great American Thanksgiving sales. Copper, Nickel and silver downside price risk will be limited. Zinc and lead have been outperformers however I have my doubts if they will continue their outperformer tag in the next quarter.
Today’s close is very important for all metals and energies.
This post was published at GoldSeek on 9 September 2016.
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