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METALS: December gold futures were up $15.60 at $1,897.90 in midday trading today and near the session high. The gold bulls have the overall near-term technical advantage and have some momentum early this week. However, a six-week-old downtrend is still in place on the daily bar chart.
December silver futures were up $0.591 at $24.195 at midday today and near the session high. Silver futures bulls have gained the overall near-term technical advantage. However, prices are still trending down on the daily bar chart.
December N.Y. copper closed down 80 points at 298.15 cents today. Prices closed near mid-range again today. The copper bulls have the firm overall near-term technical advantage.