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October 25, 2011 / Jeb

Gold and Silver Reversing Higher

Do not be in anyway daunted by this recent correction and volatility in gold, silver and the miners.  The upward ascent in the precious metals drama requires not only patience, but the awareness that 20-30% pullbacks in bullion are characteristic and frequent.  One should’ve been prepared for short term downward moves in precious metals, which we have recently witnessed as gold exceeded overhead resistance in early August.

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