DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL Message Board

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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

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From: PaperPerson	1/24/2012 10:17:38 PM
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Precious Metals Commentary Technical observations of RossClark@shaw.ca Bob Hoye Institutional Advisors Posted Jan 25, 2012 Written Jan 22, 2012 Silver and platinum have managed to close above their resistance lines from the summer highs while gold is progressing in a slower manner. Any minor corrections of $50 to $70 in gold followed by a breakout would point towards a test of $1900 by mid March. Silver should be expected to find support around $30.50 and be capable of challenging the green upper moving average band currently at $36.60 (8% above the 100-day average of the highs). In this seasonally positive period for precious metals, platinum should find support on pullbacks at the 20 & 50-day exponential moving averages (currently $1642 to $1695). ORIGINALLY DISCOVERED AT 321 GOLD!!! 321gold.com

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