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Aden Forecast "Platinum and palladium are in a clear rise in contrast to gold."

ReportGold
Date03/25/2010
Loaded Date03/26/2010
TitlePressure Is On
Quote"Most markets felt downward pressure to some degree today. The euro was hardest hit followed by the commodities as a downgrade of Portugal's debt added to the concern that governments continue to struggle with their deficits and, therefore, how solid could the recovery really be.

. . .Gold, silver and gold shares are declining with the strong dollar as downward pressure persists. The gold price closed at a six week low today and it's vulnerable below $1105. It's now important to see if the February 5 low will hold. Gold is stable above $1053, but a clear D decline would be underway below this level. Keep an eye on $1053 and $1105 this week. $1000 is major support. Likewise for silver; it's vulnerable below $17 and the February 5 support low is at $14.85.

Gold shares are also similar. . .they're weak short-term with the XAU index below 166 and it has support at 150, the 65 week average.

Platinum and palladium are in a clear rise in contrast to gold. They have been rising steadily above their 15 week moving average since last year and their rise is solid above it at $1530 and $425, respectively. Crude oil is firm but if it now stays below $83 and closes below $80, it could decline to $76 and possibly even $74 but it would still be firm. Above $83 would show great strength. Copper is firm above $3.25."