"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •647 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 2,065.20 | -46.90 | -2.22% |
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WTI Crude •1 day | 95.81 | -2.06 | -2.10% |
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Gasoline •1 day | 3.016 | +0.015 | +0.51% |
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Ethanol •647 days | 2.161 | +0.000 | +0.00% |
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Silver •647 days | 30.82 | +1.16 | +3.92% |
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Silver • 647 days | 30.82 | +1.16 | +3.92% | |
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Copper • 647 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 1 day | 95.20 | -0.72 | -0.75% | |
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Natural Gas • 1 day | 2.652 | -0.018 | -0.67% | |
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Heating Oil • 1 day | 3.745 | -0.192 | -4.87% |
Stocks sold off last week…
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Gold has broken to the upside out of its shortterm horizontal range, which calls for further strength. However, the resistance at 1754 (17/10/2012 high) has thus far held. Monitor the support at 1736 (20/11/2012 high).
The strong support at 1647 is expected to hold.
Gold is in a secular uptrend with strong support at 1523. Monitor the strong resistance area between 1791 and 1803.
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