GOLD AND SILVER GATE CRASHED ON THE CLOSE LEADING INTO A NOSEDIVE WHICH COULD HAPPEN ANY TIME NOW. NEEDLESS TO SAY THE TREND IS THE SAME AND SHOULD CONTINUE FOR A FEW MORE DAYS AND MAYBE THROUGH NEXT WEEK. "BUCKETEERS " OR AS CALLED IN INDIA "DIBBA WALLAHS" ARE MAKING HAY AT THE COST OF THE RETAIL INVESTORS. "THE HIGHER THE NNETWORTH OF AN INDIVIDUAL THE HIGHER THE CHANCES OF LOSSES" IS THE TREND WHICH THESE PLAYERS ARE CASHING IN ON.THE LEVELLS AFOR TODAY SHOULD JUST REMAIN LEVELLS ON PAPER BUT THEY ARE THERE... GOLD SHOULD HOLD $571-$572 COMEX AND IT FACES STIFF RESISTANCE AT $586.30 AND $591.50-$597.30.
SILVER AS USUAL LED THE DOWNSIDE RALLY FROM THE FRONT. IT CLOSED JUST ABOVE MAJOR TECHNICALS WHICH LEAVES SOME HOPE FOR THE WHITE METAL BUT WE SEE A FURTHER DOWNSIDE IN THE OFFING. SILVER SHOULD HOLD$10.48 AND KEY RESISTANCE AT $11.02 AND $11.15.
NOTE: BE WARY OF TRADING TODAY UNLESS YOUR LEVESSL COME DO NOT HURRY TO TRADE AND ALL IN ALL AVOID INTRADAY TRADES AGAINST THE MARKET.
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