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In The Lead – Withdrawal Symptoms

2012-03-14 19:02:37 (читать в оригинале)

The midweek sessions in precious metals started off at sharply lower price levels in the wake of the sentiment that took hold post the Fed announcement that given current economic conditions it has opted to do nothing more than monitor the situation. Gold prices traded as low as just under the pivotal $1,650 support level (to which we alluded last week as 'being in play') overnight and they opened with heavy losses that swelled to over $31 an ounce, with the yellow metal touching the $1,641.00 mark in New York within the first half hour of trading action [...]