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Commodities Briefing - Categorized | Bullion/Gold, Performance more

Gold may sparkle but silver offers better profit opportunities

Posted on 09 November 2016

The rebound rally in gold is well established with a move above $1,290. The upside target is near $1,350. It’s good to see the gold uptrend continuing but the upside target delivers only 4.65% profit. Rather than trade gold there are more effective and profitable ways to trade this rebound.
Gold’s companion, silver, has similar characteristics but offers a higher return for the same behavior. Silver lags the gold price behavior. Silver has a resistance level near $18.75. This is the equivalent to the $1,290 resistance level on the gold chart. Silver lags gold so the silver price is only just moving above resistance near $18.75…………………………………….Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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