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发表于 2014-2-15 05:04 PM
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Upward Targets Hit, Will The Bears Panic?
Friday February 14, 2014 08:40
Although slightly shy, gold completed our short-term target of $1,325, suggested two weeks ago. Gold traded to $1,321 overnight as it powered through the 200-day moving averages, and silver finally took notice, completing the move to $21. A weaker U.S. dollar overnight, and continued suspicions that the global economy recovery is suspect, continued to push capital flows into the metals as the assumption of continued central bank accommodation remains the primary catalyst. The shorts are still the biggest bet and the push higher from here can accelerate quickly if they scramble to cover. The 200-day moving averages ($1,304.00) , will now act as support with $1,325 breach setting up the $1,337 level. |
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