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Thursday, 4 October 2012
CTA analyst Matthw Bradbard on GOLD
"December gold continues to stall around the $1780 level …some
people say taking a breath before the next leg higher, but I am thinking
the opposite. For a healthy bull market to be sustainable, we must see
some back and fill. My prediction remains the same -- a trade under
$1700/ounce in the coming weeks. $35 continues to cap December futures
in silver, as prices have yet to breach that level on a closing
basis after three weeks of attempts. My first target when prices start
to roll over is $33.75, followed by $32.40 …trade accordingly." alpha
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