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Gold Market Update

- Clive Maund -

Sir; if this update is true about a drop ? Why are the premiums on Phsical Silver abd Gold so High? With Gold at least you have some Value unlike Dollar's or Stock? With the comtinued de-valuation of the currency?

Commented 4167 days ago

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Beginning of the headline :Failure of gold’s key support at $1500 - $1550 triggered a stunning plunge as masses of stops were triggered. We can see what happened on the 6-month chart below. The plunge was the most severe since 1980 and was accompanied by colossal record volume, which is strongly bearish. It quickly lead to gold becoming critically oversold and it bounced later in the week as cheerleaders advised their readers to buy this “opportunity of a lifetime”... Read More

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