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Gold Weekly Technical Outlook + MORE


Silver edged higher last week but started to lose momentum after hitting 16 handle. Further rise is still in favor as long as 15.37 support holds. Whole decline from 18.505 should have completed and rebound from 13.91 would target 17.775/18.505 resistance zone. However, below 15.37 will turn near term outlook mixed first…

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Investors this week have been trading larger amounts of metal in light of the up-trending gold and silver price channel.
Geoffroy Buffetrille, Dealing Manager at GoldMoney, says that gold rallied to a 3½ month high this week, as soft US data and concerns over deflationary pressure in China fueled expectations that the Fed will not raise interest rates this year, pressuring stocks and dollar…

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Vancouver, BC, Canada — October 15, 2015 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) has signed a Mining Lease with Activos Mineros de Colombia SAS (‘Activos’) to acquire 6 applications that are contiguous with four existing Miranda applications comprising the Antares Project, Colombia. The Antares project covers a large intrusive related gold system with both veinlet and sheeted fracture controlled gold mineralization…

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Crude oil weakened mildly last week but there was no follow through selling so far. Initial bias is neutral this week first. We’d maintain our view that strong resistance should be see around 50, which coincide with 50% retracement of 62.58 to 37.75 at 50.17, to complete the rebound from 37.75. Below 43…

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Silver as money

– .goldmoney.com

Gold is money, admittedly not often circulating as such today. Fiat currencies issued by governments have driven gold out of circulation. But where does this leave silver?
Money-substitutes, bank notes and bank deposits, were originally backed by physical silver, and were switched in favour of gold-backed money-substitutes over the last two centuries…

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Gold’s rise from 1072.3 finally resumed by taking out 1169.8 resistance, as well as the near term falling trend line. The trend should have reversed and outlook is now turned bullish. Current rise should now target 100% projection of 1072.3 to 1169.8 from 1103.8 at 1201.3 and then 1232.0 resistance next…

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Precious metal prices rose over the week, with gold up $30 and silver up 32 cents.
Platinum closed yesterday up over $50 on the week, but palladium was unchanged. Silver is now up 4% on the year and gold is at break-even.Driving precious metal prices was dollar weakness, and the widely-followed US Dollar index (DXY) is now technically vulnerable to a significant drop…

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Natural gas’ recovery was limited at 2.578 and weakened again. It’s now back pressing 2.443 support. Based on current momentum, we’re holding on to the original view. That is, price actions from 2.443 are forming a sideway consolidation pattern. And strong support should be seen around this level to bring rebound to start the third leg…

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