"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •141 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 970.70 | +0.20 | +0.02% |
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WTI Crude •10 mins | 70.29 | +0.19 | +0.27% |
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Gasoline •38 mins | 2.062 | +0.002 | +0.11% |
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Ethanol •141 days | 2.161 | +0.000 | +0.00% |
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Silver •141 days | 30.82 | +1.16 | +3.92% |
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Silver • 141 days | 30.82 | +1.16 | +3.92% | |
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Copper • 141 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 74.39 | +0.16 | +0.22% | |
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Natural Gas • 10 mins | 3.444 | +0.105 | +3.14% | |
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Heating Oil • 20 mins | 2.276 | +0.001 | +0.06% |
Wells Fargo has done it…
An economic slowdown in many…
The Economic Community of West…
Gold has successfully tested its previous low at 1699 (24/10/2012 low). A possible short-term base formation could be underway. Monitor the hourly resistance at 1718 (26/10/2012 high, see also the declining trendline). A short-term resistance is at 1732 (23/10/2012 high).
The strong resistance area between 1791 and 1803, coupled with overbought conditions, favours a corrective phase. The strong support at 1647 is expected to hold though.
Gold is in a secular uptrend with strong support at 1523.
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