Commodity Trade Mantra

Posts Tagged ‘Uptrend’

Silver Price and iShares Silver Trust - SLV Going to $12

The movement from $17.5 to $50 from 2010 to 2011 had only a small correction. It just played as a gigantic parabola. What we know is that parabolas are reverted back below their previous channels. Based on long-term demand line, formed during a period of over 12 years, the support for silver price is around $11-$12.

Bank Of America Warns "The US Dollar Is In Trouble"

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns (Bank Of America) BofAML’s Macneil Curry. Across assets gold has been the lead market against the US Dollar; having forged its base back in mid December.

Gold and Gold Stocks – The Tackling of Resistance

After several previous attempts that fell just a little bit short, gold finally managed a close above the 1340-1350 level – It is perhaps not a significant enough break yet, but it is encouraging that the $1350 level has not rejected gold this time around.

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