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Re: Downside targets for silver?

By: Decomposed in ROUND | Recommend this post (0)
Sun, 01 May 11 7:20 PM | 51 view(s)
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Msg. 32764 of 45510
(This msg. is a reply to 32763 by fizzy)

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Sorry to disagree, but I see strong support at $22.

Weak support exists at higher levels. It may turn out to be sufficient, but one sure can't divine that from charts!




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Downside targets for silver?
By: fizzy
in ROUND
Sun, 01 May 11 8:36 AM
Msg. 32763 of 45510

http://pragcap.com/downside-targets-for-silver

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"We see two areas of strong support. The first is $34-$37 and the second is $30-$31. We also sketch the potential path of the 300-day MA. We think it hits $30 in July. The 200-day MA is likely to hit $32 before the end of July...."


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