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Fed Rate Cuts Soon; Bitcoin Enthusiasts Join Wall Street in Bashing Gold

David Morgan: Swap Gold for Silver at Today’s Extreme 90:1 Ratio



It was a big week for gold, as prices for the yellow metal advanced toward new highs for the year. The gold market is putting in a 3.0% gain this week to trade at $1,345 an ounce.

Gold does face some formidable multi-year resistance in the $1,350 to $1,375 area. But if it can clear that hurdle and then blow through $1,400, it may be off to the races.

Turning to the white metals, silver has a lot more work to do get back on bullish technical footing. Silver’s price performance has lagged behind gold’s so severely that it trades at its biggest discount to gold in nearly 30 years. It could be a once-in-a-generation opportunity to buy silver on the cheap.



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from Precious Metals News
Fed Rate Cuts Soon; Bitcoin Enthusiasts Join Wall Street in Bashing Gold Fed Rate Cuts Soon; Bitcoin Enthusiasts Join Wall Street in Bashing Gold Reviewed by Unknown on 11:17 Rating: 5

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