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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (10864)	12/23/2014 9:24:44 AM
From: Goose94	Read Replies (1) \| Respond to of 203540

Easy To Push Around Thin Markets The metals seemed destined for a quiet day yesterday - that was until Saudi Arabia reaffirmed that it would not curtail oil output to support slumping prices. The oil traders began to sell and crude dropped $2 at one point yesterday. The combination of the weaker oil price, surging equity values and a stronger dollar proved an irresistible lure for metals traders that sold into a very thin market. Gold gave up some $28 and silver some 50 cents before bargain hunters entered the trade. Overnight, a moderate bounce in oil created some muted buying interest in the metals. This morning the market looks to open with a firmer bias coming into the last full trading day before Christmas. By Peter Hug Global Trading Director