By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch -GoldForecaster.com
Posted Thursday, 17 November 2011 |
New York closed at $1,762.90 down $19 then Asia took it up to $1,765. The euro was steady this morning at €1: $1.3511 which is also showing a tightening trading pattern. The Fixing was set at $1,756.00, and in the euro price it Fixed at €1,304.122, lower in the dollar and higher in the euro, while the euro was at €1: $1.3465. Ahead of New York’s opening the euro stood at €1: $1.3498, the dollar price of gold at $1,751 making the price of gold in the euro €1,297.23.
The silver price opened this morning at$33.86 down 35 cents on yesterday. Thereafter, it fell to $33.17 before New York’s opening.
Gold (very short-term)
The gold price should show a narrower to weaker consolidation in New York today.
Silver (very short-term)
The silver price should show a narrower to weaker consolidation in New York today...........
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