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Money markets fell slightly during Wednesday’s trade consultation to turn around and show signs of life again. We are moving up and I think it makes a lot of sense, because central banks around the world continue to roll back the financial policy regimes they are in. This means that other people will start looking for other tactics to keep their property, because fiat currencies lose value. For this reason, I think it provides some flats in the gold and silver markets, so I like the concept of collecting ‘cheap’ cash. That investors will continue to view cash as a mixed bag, because cash also has a vital built-in business component. After all, it is used in a great deal of manufacturing.
On the downside, I see the $26 point as a largeArray and I think it will probably continue to act as such. I have no interest in looking to sell this market because even if we give in below it, the 50-day EMA will reappear and, of course, the $24 point. In other words, there are many future titles that will come into play. The trend has been on the rise for quite some time as we reduce words, yet deep in my head, I find it. It’s hard to sell silver structurally in the long run. Doesn’t mean we can’t fall, only the basics help.
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This article was originally published on FX Empire
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