19.04.2013 - Is the gold and silver bull market at an end?
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 its only a few dollars above its 2008 high............................................Full Article: Source
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