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| Stocks are getting hammered at the open on debt worries bonds which have defended the 150dma very well are in rally mode since Friday as is the dollar. What is interesting to me is that Gold is up 12 dollars, more bailouts to come I suppose. Silver which was off about 40cents since Fridays close is up three cents and that is encouraging. This is working out to be a pivotal week for the precious metals if Silver can get above 38 and Gold break out above 1550 we can start getting excited. Some people have be calling for a huge summer for the PM's , so maybe we are just watching that unfold. |
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