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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

1 step closer to the end of the correction in precious metals

Posted on 25 February 2013

Gold and silver prices fell for the third straight week as traders speculated that the Federal Reserve will end its current $85 billion per month money printing program sooner than expected. This bolstered the trade-weighted dollar, a move that often times leads to weaker commodity prices, and important technical support levels were breached for both precious metals.
Along with the rest of the natural resource sector, bullion was already under heavy selling pressure before the release of the Fed minutes due to unsubstantiated rumors of a large commodity hedge fund being forced to liquidate its holdings and a fast-approaching “death cross” sell signal for gold………………………………………..Full Article: Source

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VRS - who has written 38958 posts on Opalesque Commodities Briefing.


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