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Friday, April 12, 2013

Friday, 4/12/13 update

Gold has dropped to a level that has provided long term support over the last few years:


Likewise with silver:


Could be a nice buy opportunity.  However, be aware that the PM's could significantly break below these levels, in which case there would probably be a rapid collapse in prices.  So a good idea would be to wait for some sort of confirmation of a bounce off these levels before taking a long position.
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