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TFC Commodity Trading Forum

Gold/Silver ETF:CEF/At Resistance *PIC*

This combination Gold/Silver ETF:CEF has reached the top of its downtrendline resistance and is backing off. Price needs to clear and hold above this downtrendline resistance to suggest further gains. Price is presently in the very overbought zone as well. Support is at 21.10. This is a cheap way to own precious metals that can be held in any type of account including a self directed retirement account without using up a lot of trading funds. Meanwhile resistance is resistance.