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METALS: December gold futures closed down $7.20 an ounce at $1,244.50 today. Prices closed nearer the session low on profit taking after hitting a six-week high on Tuesday. Gold bears have the overall near-term technical advantage. However, a fledgling three-week-old uptrend is in place on the daily bar chart.
December silver futures closed down $0.379 at $17.17 today. Prices closed near the session low today. The silver bears have the firm overall near-term technical advantage.
December N.Y. copper closed down 165 points at 301.15 cents today. Prices closed near the session low today. The bears are in near-term technical control.