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The charts show interesting moves for the precious metals, with gold and silver bottoming out of...

The charts show interesting moves for the precious metals, with gold and silver bottoming out of multi-week bear moves right as the FOMC released its policy statement (more ZIRP) yesterday. Since then, gold is 2% higher to $1,658, silver up 3.5% to $31.01.
Comments (4)
  • indianextweek
    , contributor
    Comment (1) | Send Message
     
    For last few weeks it has been seen that
    Gold rally fizzle out around $1650
    26 Apr 2012, 11:41 AM Reply Like
  • kenneth gerbino
    , contributor
    Comments (2) | Send Message
     
    The key force for gold right now is uncertainty. Even though the "end of the world" panic buyers are through buying there are many people in the western world buying small amounts (5%) as they see too much debt and political mis-management of economies. In India and China it is an entirely different story. Here gold buying will continue to increase as these countries have created too much money in the last 10 years and will have to face inflationary trends that will persist.
    26 Apr 2012, 03:00 PM Reply Like
  • Neckermann
    , contributor
    Comments (21) | Send Message
     
    Those, who don't have their stash of physical gold by now
    can not be helped.
    26 Apr 2012, 05:36 PM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Those who do probably can't, either.
    30 Apr 2012, 08:55 PM Reply Like
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