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Is the gold and silver bull market at an end?

Posted on 19 April 2013

On Friday we witnessed a great plunge in gold (almost $80 – from $1,560.30 to $1,480.50) and silver (almost $1.70 – from $27.58 to $25.89) and we are seeing even lower prices this week. No matter if we take gold from the USD perspective, average non-USD perspective, or gold priced in individual non-USD currencies, we will see that the price has broken below the key support levels.
What about silver? On Friday it moved insignificantly below some support levels (intra-day 2011 and 2012 lows) and at this time silver confirms the bearish outlook for gold. In fact it’s only a few dollars above its 2008 high……………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38490 posts on Opalesque Commodities Briefing.


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