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| Silver Crash 20/5/2013, Charts from FXCM |
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| Support Line indication at $17-$18/ounce |
Prior to this, I did mention not to go all-in to buy silver just yet. Hopefully some readers followed my call. This morning, silver was slammed by as much as $2 !!! It was reported over the weekend that HKMEx was to cease trading and settlement to be made in cash.
Could this had been the reason? After all, the world's markets are rigged, just like any big soccer match.
Anyhow, prices are recovering as we speak. But, keep a keen eye on the mentioned support line.
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