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Gold long-term bearish projection targets $480

Posted on 17 November 2008

From Marketoracle.co.uk: Gold went sideways while silver went lower. But the story of the week was the action in the stocks. The highest “quality” stocks moved lower by about 7% while the average stock declined by over 11%.

Silver stocks did even worse with average declines over the 14% neighborhood. Are we ready for a bottom or is this just a continuation of the bear? We are still heading towards that $480 projection with $630 along the way….. Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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