Gold Uptrend to Start For The Year of 2016-2017

Gold Uptrend to Start For The Year of 2016-2017Gold Silver Reports ~ We have been predicting for months that the FED would not be able to raise rates as aggressively as the market was expecting. Thus, we have been long gold and mining stocks believing that a reset in expectations for how fast the FED would raise rates would be bearish for the USD and bullish for gold.

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Aluminium MCX Upper Resistance Levels 104.60 – 105.60

Aluminium MCX Upper Resistance Levels 104.60 – 105.60

Gold Silver Reports ~ Aluminium settled up 0.38% at 104.45 as a weaker dollar sparked investor demand for the industrial metal and drove bearish traders out of the market.

Financial speculators in metal such as hedge funds have been strongly bearish on the market since early November, amid signs of weakening economic growth around the world. Some of the market’s gains in recent days likely have been fueled by traders closing out short positions that profit from falling prices as the market has rallied against them.

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