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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (14573)	2/24/2011 2:48:20 PM
From: GROUND ZERO™	1 Recommendation Read Replies (1) \| Respond to of 221369

Silver and gold run pretty much in tandem and gold hit it's VP yesterday at 1416.00, it actually rallied up to 1417.50, so the selling finally kick in today... actually, that it took a whole day and that it rallied above the VP are two bullish factors for that market... so, gold is selling off as would be expected, this is enough to spook out some silver longs, this is a buying opportunity longer term, I just added some silver just minutes ago... nothing has changed, the precious metals are still going to move significantly higher, just that the markets move up and down and will always try to shake off the nervous and weak holders after a good rally... GZ