Metals

the dollar is about to reach an upside target.  the metals should react to a dollar move down.

GOLD_ up 30 this am. have support at 1598 – 1546.
the time pressures are up but peak and turn down the week of 11/4.
trade pressures are down but showing some divergences.
the trade up off the 1535 low thru 1531 had triggered a long entry which is still working.
reached the 1672 target; the next target up is 1691.
a move down thru 1586 cancels the long trade.

SILVER_ has entered a new upward time cycle thru the end of the 2011 year.
trade pressures are fully extended down and are ready for a move up.

short term long  entry is 30.86 to a first target of 33.46 and then 36.16.

a move down thru 29.10 cancels the long trade.

COPPER_ in a protracted down move to 2.91.

the time pressures are down thru 10/28.
trade pressures are down but showing divergences.

a move above 3.16 should start a rally. to 3.41.

PALLADIUM_ these industrial metals are reacting to the perceived slowdown in China.
the improved auto report this am may help.

we have reached the 596 target and should expect consolidation here.
time presures remain down.
trade pressures are down.

a trade up thru 618 is necessary to start the new move up.