I commence with my gratitude to The One Who Is The Ultimate Knower. [We just estimate (with highest probability and which becomes forecasting, when becomes true) upon His Given Gifts]
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| Silver Commodity Analysis 7-13-11 |
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| Gold Forecast and Analysis 7-13-11 |
Based upon recent break out by gold (thanks to FED and Euro-zone debacles), near term outlook for Gold and Silver has changed to near term bullish (
Remain alert: that it could turn out to be bull-traps). Silver has not been able to surmount new price territory, however, its older brother, gold, has done it. They are taking shifts. :-)
Failure of Silver to breakout to new highs, is a technical divergence. However, we ought not to miss these wonderful trading opportunities.
If Silver fails to break below the$37.5 level, then is shall rebound and shall aim higher going to $39.60 and $41.25.
Today, gold stopped at the $1,589, which was a time/price squaring. Once gold goes higher than $1590 then next price targets are above $1,600. Next immediate Target $1,605-$1,606.