Archive for 16/01/2011

Slight error

Silver has not technically broken support but is resting on it, like the mining shares. But silver has stayed remarkably strong above $28.50, so it feels like it broke support.

Just as an update on a target price for gold, closer to $1330-40 may be more accurate. We’ll see. If silver breaks support here at $28.30, the next level of support could be in the neighborhood of $27.

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