31.01.2011 - Gold and silver opportunity before blast off
From Marketoracle.co.uk: A rare and exceptional opportunity has just presented itself to enter this Precious Metals bullmarket at very favorable prices for gold, silver and especially for Precious Metals stocks - right at an intermediate bottom. That is what our latest studies indicate. While gold dropped a little lower last week than expected in the last update, it has arrived in an area of strong support above its rising 200-day moving average in a deeply oversold condition, as we can see on its 8-month chart below. Thus it is interesting to observe that a bullish candlestick pattern, known as a "Piercing Pattern", appeared on its chart on Thursday and Friday, which frequently signifies a reversal...........................................Full Article: Source
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