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Saturday, July 2, 2011

Gold Silver Prices Prediction for July 2011

Gold Silver Prices Prediction for July 2011 : Technically, August Comex gold futures bulls still have the advantage of all the technique in the short term and long term. An upward trend of 4.5 months up on the daily bar chart and a 10-year uptrend is in place at the table in the month long term. Bulls do not need to show the power a bit before finding some techniques of short-term dynamics to those enjoyed at the beginning of June next Toros short-term goal is to produce technology to a close above solid technical resistance in the high $ 1555.00 June. Bear next target short-term price disadvantage is closing prices below major psychological support at $ 1,500.00. First resistance is seen at last week's high of $ 1543.00 and $ 1,550.00, then. First support is seen in the low in the wake of $ 1535.60 $ 1530.00 then.

Silver prices Predictions for July 2011
Comex silver futures July bulls still prevalent short-term gain and long-term technical, but also need to look fresh when the power back to the fresh upside technical momentum in the short term. The next target price downward breakout of the bears is closing prices below solid technical support for the low of $ 32.30 in May. Next target Bulls' price per head is to produce a close above solid technical resistance at $ 37.86 an ounce. First resistance is seen as $ 36.00 per night and then up to $ 36.20. Next support is seen at night down to $ 35.26 for 35, $ ​​00.

The silver in 2011 going to remain till 2015. For $40/oz of silver because of fresh applications and risen industrial demand analyzed Standard Bank Plc

By 2015 the silver should be purchased at $400/oz says James Turk of Gold Money.

Nowadays investors pick silver for their investments in mass as because of the dollar crash and inflating emergence and capably hyperinflation states Turk.

Turk hopes the excess focused short positions on the COMEX hold by JP Morgan as alleged by GATA & Ted Butler will operate silver prices upper in a big short squeeze. For the latest updates PRESS CTR + D or visit Stock Market news Today

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