Showing posts with label silver resistance.. Show all posts
Showing posts with label silver resistance.. Show all posts

Friday, December 9, 2011

Bullion Dropped After The Claims Rebound


December, 9, 2011 (01:30pm) :- Gold & Silver are faced to be highest selling pressure by the investors and by the daily traders after the release of initial claim data.
Initial claims are least at 3,81,000 as comparing from the last 9 month data's.
Gold & Silver trend totally negative side because Gold breaks their important support at $ 1728 which is also broke yesterday.
Under $ 1728 Gold trend totally down for Short term.
Silver have support at $ 32, which is already broke yesterday & also strong resistance at $ 32.60.
On Wednesday we saw that Big investors sold around 3500 Kg approx Gold & bought 30,000 Kg Silver.