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ITMS

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Friday, 02/17/2012 11:12:31 AM

Friday, February 17, 2012 11:12:31 AM

Post# of 784
Gold And Silver Stuck In A Holding Pattern


The SPDR Gold Shares (NYSEARCA:GLD) and the iShares Silver Trust (NYSEARCA:SLV) are both trading slightly lower this morning. These two precious metals will usually trade inverse to the U.S. Dollar, therefore, traders should follow the dollar closely. Short term traders can watch for intra-day support on the GLD around the $167.00, and $166.00 levels. The SLV will have intra-day support around the $32.25, and $31.80 levels.
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