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Proper Action
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Maintain Long @ 39.03
Maintain stop @ 37.00
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Market Forecast
Gary S. Wagner
This week we witnessed silver finally awakening. After trading in a fairly lackluster way during the first part of the week, the trading activity on Thursday and Friday was significant. For the first time in a while we witnessed silver actually begin to trade on its own and return to what I like to call the glory days. Silver over the last year and a half has outperformed all of the other precious metals in terms of percentage gains.
We witnessed a return of that kind of performance this week. We also witnessed silver rallying as a safe haven investment rather than only reacting to its industrial usage. That distinction cannot be understated. If silver only reacts as an industrial metal in times of economic uncertainty or fears of global recession then we will continue to see lackluster performances. This week that all changed.
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(c) Copyright 2011 Wagner Financial Group
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Risk Disclosure:Before deciding to participate in Gold or Silver investments, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly with futures activity do not invest money you cannot afford to lose.There is considerable exposure to risk in any futures exchange transaction, including, but not limited to,leverage ,and market volatility that may substantially affect the price of gold and /or silver. Moreover, the leveraged nature of Futures trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you as well as for you
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