Tuesday, December 09, 2008 9:55:07 AM
Gold and silver should break out from the recent consolidation phase and start a new range by next week. US dollar and equity markets are the key factors. Technically gold and silver are in a neutral zone. Merrill Lynch has said that crude oil may fall to $25 a barrel next year on the prolonged global slowdown. There could be weekend short covering in base metals and energies today, one needs to watch the same. Today’s US November payrolls will set the direction for the US dollar for the rest of the month.
Carolina_rn
Carolina_RN
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