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Monday, August 18, 2014
Gold and Silver Metals will prevail
With a increase in the volatility and a downside break below $1300 Friday. The neutral outlook also may be under pressure again if there is a close back under $1300. Then this would then suggest a test of $1280. The recent low at $1292.40 becomes the near term support. With the temporary rise in all other markets and false security that traders may have fueling the drop in metals, and rise and alternative markets will be short lived and realization that the global market again will fall. Like many times in history metals will prevail.
Holding short from 1309.88