Signs of action

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At last we could see some real action on precious metals. Today Gold showed strength when tried to breakout 640 level, which also meant a break to the upside of the triangle formation. But Gold couldn´t have complete success though it was trading above EMA50. All this happened in parallel with a climbing USD which is more signifying.

Silver continues to move well above the 12.60 level broken last week. We have to be patient with Silver because its enormous potential lives side by side with tremendous volatility, which may give some discomfort. But as sentiment remains positive we have to understand that breaking 13.20 today would be surely an almost impossible task.

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