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2,963 Posts.
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01/05/16
23:57
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No so sure slange
Silver has been lagging gild up until three weeks ago. It was trading near 86:1 ratio which is historicLly very high.
The move a few weeks ago was just cathcing up and is now basically back in sync at 72:1.
I expect monday morning gold to test $1300 level as the shorts from asia may have been caught out on friday night.
The longs could push gold past 1300.
By weeks end a test of 1282 and 1262 support will be healthy for gold.
I believe 1350 is in reach.
If 1262 holds i will add to my stash of the yellow stuff.
As for silver it should track gold higher.
Base metals is something i would stay clear off. Dead cat bounce imo.
Copper needs a break of 2.30 then 2.45 before i could get interested