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Gold and Silver Outlook for October
Precious metals prices resumed their upward trend mainly during the first couple of weeks of the September in anticipation of many bullion traders for another intervention of the FOMC. This bet paid off because on September 13th the FOMC announced it will commence QE3 with no time limit. This news, however seems to have had, for now, a short term effect as the prices of precious metals remained nearly unchanged during the rest of the month. I have referred to this issue in a recent article and think that the prices of gold and silver will resume their rally in the months to follow. On the other hand, the recent ... (full story)
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