Technical observations of RossClark@shaw.ca
Silver and platinum have managed to close above their resistance lines from the summer highs while gold is progressing in a slower manner. Any minor corrections of $50 to $70 in gold followed by a breakout would point towards a test of $1900 by mid March. Silver should be expected to find support around $30.50 and be capable of challenging the green upper moving average band currently at $36.60 (8% above the 100-day average of the highs). In this seasonally positive period for precious metals, platinum should find support on pullbacks at the 20 & 50-day exponential moving averages (currently $1642 to $1695).
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