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We have a full moon coming up 11 - 14 - 97 . We are 13 business days out
from the 10 - 24 Spiral Calendar projected trend change for silver.
I think you have the equivalent of a double bottom in the gold market.
The silver market is stronger than gold. It is holding above a .618
retracement from the low 9 - 17 to the high and back down. The .618 level
is at 486. basis the December contract.
I think the cycle lifts 11 - 14, so one would want to be long a no load gold
or silver mutual fund 11 - 13.
I also think gold & silver futures would be a buy the morning of 11 - 14.
The trade would be good if the close was greater than the open. The stop
would go under that days low, 11 - 14 - 97.
Jim Peeke
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