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Was watching silver all day today. Thought it was gonna break through the support, but managed to stay afloat and rebound itself. There seems to be significant support at $27 as well.. and news of qe3 seemed to give it some push. $26 is the 50% retracement level for reversal and my guess is that we'll probably be hitting the bottom within the next 2 weeks, for both gold and silver. Alot of mining equities look like they're close to hitting major bottoms. Definitely a good time to buy IMO
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PM is the key
Last edited by jeff19; 05-16-2012 at 06:15 PM.
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