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Gold Silver May 25th 2011

As indicated in the last post, Silver has seen some upward movement and would now appear to be set for more gains. RSI, MACD and the Slow Sto are all where good things start to happen.

I'm sure I missed an entry point into gold at $1470 last week. Downside risk was only $30 odd dollars. Now its back up to $1520. Nevertheless, I feel the summer months are still ahead of us and a buying opportunity below $1500 may still avail itself.