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Aden Forecast "Keep an eye on $1,053 on gold and $14.84 on silver. . ."

ReportGold
Date03/11/2010
Loaded Date03/11/2010
TitleIt's All About the January Highs
Quote"Palladium reached a new 20-month high last Friday, while platinum, oil and copper are firm at the January highs.

Gold, silver and gold shares, however, have come down this week, but they are still firm above $1,100 for gold, $16.40 for silver and 162 for the XAU gold share index. The longer the gold price holds above its February low, the more it's a possibility that we could still see double C peak develop before a true D decline unfolds. Keep an eye on $1,053 on gold and $14.84 on silver; if these February lows are broken, the D decline is clearly underway.

Last week, we said if you want to buy new positions now is the time to be averaging in. That is, to buy a small position in palladium, platinum, resource and energy."