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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (11203)	1/16/2015 1:03:22 PM
From: Goose94	Read Replies (1) of 202934

TD Securities: Bullish Technical Signals Could Push Gold To $1,300 Following this week’s gains in the gold market, TD Securities says they see an opportunity for the metal to test $1,300 an ounce in the coming weeks. “Yesterday’s close above the 200-day moving average (cash $1253.30) was clearly a bullish technical signal.” The bank quotes today’s PM fix at $1277.50 “on final volumes of 48k selling and 28k buying interest.” The bank also notes that the negative effects on Swiss equity markets, as a result of the SNB’s unexpected announcement on Thursday, may have been different had the Swiss people voted to add to their gold reserves during the Swiss Gold Referendum held in November.

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