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Old 10-19-2011, 09:32 AM   #1
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Gold Supported at 144 DMA

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Gold looks very well supported between the 100 and 144 day moving average (simple) with the 144 day moving average providing strong support for nearly three years - since January 2009.

Bullion dealers in Hong Kong say physical demand is robust at these levels with one dealer reporting “a wave of physical buying” once prices went below $1,630/oz.
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More: http://www.goldcore.com/goldcore_blo...-us-charts-day

When the world wakes up to the true scope of the currency issue, physical demand is going to soar regardless of the price on the paper markets.
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Old 10-19-2011, 02:47 PM   #2
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Seems to be holding up again today.
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