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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Metals prices this morning are lower with Jun gold -0.2 (-0.02%), Jul silver -0.009 (-0.05%), and Jul copper -0.004 (-0.14%). Tuesday's closes: Jun gold -10.3 (-0.81%), Jul silver -0.273 (-1.52%), Jul copper +0.0260 (+1.01%). Metals on Tuesday settled mixed. Metals prices were undercut by the rally in the S&P 500 to a 1-3/4 month high, which reduced the safe-haven demand for precious metals, and by speculation the Trump administration's tax cut plan will boost U.S. growth and push the Fed to raise interest rates sooner than expected. Metals prices were boosted by the fall in the dollar index to a 5-1/2 moth low and the unexpected +5.8% increase in U.S. Mar new home sales to an 8-month high, which is positive for copper demand.