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TFC Commodity Trading Forum

Re: Gold & Silver false breakouts? Ronbo *PIC*

I agree with you there Ronbo...nothing false about these moves at this point. Also targeting $35-37.50 for Silver in the next few weeks. I would expect a sharp correction after that coinciding with typical seasonal weakness in October...a move down to test the breakout perhaps...that would relieve the overbought conditon that has been building and provide more fuel for the next leg up.