Bullish Long-Term Gold Sentiment Continues
Source: Seeking Alpha, Mark O'Byrne (6/11/09)
". . .production out of the third-largest producer in the world, South Africa, back at WWI levels. . ."
With production out of the third-largest producer in the world, South Africa, back at WWI levels, the bullish long-term sentiment continues.
Silver: Was the star performer yesterday, rising 2%. It closed at $15.21. Strong support is showing at $14.75 but silver hates to conform and therefore a break through resistance of $15.63 would not be entirely unpredicted.
Platinum: More than 27,000 ounces flowed into the ETF Securities backed fund this week, compared to only 2400 ounces last week. Platinum is still slightly directionless currently trading at $1,267, support is at $1,200 and resistance at $1,300.