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Gold Weekly Technical Outlook + MORE

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This week has seen selling across all metals with the exception of platinum.
We have seen more buy orders into the Singapore, Canadian, and Swiss vaults this week. We have seen less of a preference for the UK, Swiss, and Hong Kong vaults this week.
Kelly-Ann Kearsey, Dealing Manager at GoldMoney, says clients have continued to steadily buy this week, with some higher volume selling…

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No change in Natural gas’ outlook. Price actions from 2.495 are viewed as consolidation pattern only and downside should be contained well above 1.684 medium term bottom. Another rally is expected and above 2.495 will target 61.8% retracement of 3.105 to 1.684 at 2.562 next. Break will bring a test on 3…

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Surprises in store….

– .goldmoney.com

The month of January has been a wake-up call for complacent equity investors.
From the peaks of last year stock indices in the major markets have fallen 10-20%, give or take. On their own, these falls could be read as healthy corrections in an ongoing bull market, and doubtless there are investors hanging on to their investments in the hope that this is true…

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Vancouver, BC, Canada — JANUARY 28, 2016 – Miranda Gold Corp. (‘Miranda’) (TSX-V: MAD) reports is pleased to announce that its shareholders voted in favour of all resolutions brought before them at the Company’s annual general meeting of shareholders held Thursday, January 28, 2016, in Vancouver…

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Market report: Silver fixed

– .goldmoney.com

Gold and silver continued their rise, feeding on the problems facing equities as they try to adjust to the downgrading of the US’s growth prospects.
There was an attempt yesterday to mark the gold price down from Wednesday’s rise, which persisted into this morning’s early trading.
Silver remains a narrow market, which was dramatically proven at the midday fix yesterday (Thursday)…

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Silver continued to stay in sideway trading last week. With 14.64 resistance intact, near term outlook remains bearish. Current decline from 16.37 is still expected to continue to 100% projection of 17.775 to 13.91 from 16.37 at 12.51 next. On the upside, break of 14.64 is needed to indicate near term reversal…

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Energy prices recovered across the board last week, mainly driven by hopes of production cut. A surprising rate cut by BOJ also boosted sentiment as more easing measures might stimulus economic growth and oil demand. The front-month contract for WTI crude oil added +4.44% last week. In January, the WTI contract has dropped -9…

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Gold’s choppy rebound from 1045.4 extended last week but outlook is unchanged. Firstly such rebound is having a corrective look. Secondly, gold is staying well inside a medium term falling channel. At this point, we’d expect strong resistance from upper channel line (now at 1143) to limit upside and bring near term reversal…

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The rebound from 26.19 short term bottom extended higher last week and further rise could be seen. But at this point, such rebound is still viewed as a corrective pattern. Thus, strong resistance could be seen from 38.9 to limit upside and bring down trend resumption. Below 29.25 minor support will turn bias to the downside for 26…

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