Short Version.
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Short Version.
After conflicting economic data, gold and silver acted very differently in the day's session.
Gold sold off, but not very much, and certainly holding above the key $2000.00 level.
Gold appears to be much more on the lookout for potential banking segment failures.
Silver declined sharply, over 5% on the session; a steep price drop in comparison with gold less than 1%...two very different results.
Silver focused more on the possibility of an economic recession.
That being said, the exaggerated decline in silver created a buying opportunity near strong support around $24.00...investors must take advantage of such disproportions in price.
Gold is the leader of the band in this current market cycle; estimates by major banks, normally more conservative than other market players are calling for price targets between $2.200 to $2600.00 gold by year's end.
The moral to this story is simple, buy the price dips when available.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
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