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Friday, January 7, 2011

Gold & Silver - Breaking down!

The triple top neckline has just been broken, which makes gold vulnerable for a major sell-off. The first target is near the 1,264, but this sell-off could easily accelerate to the downside, if this support is broken too.

The breakdown in gold is followed by a sell-off in silver too. The target for this sell-off is in the 24.83 - 25.00 area.




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