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** Market Conditions Alert
**
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Gold and silver have been rallying
strongly over the past two days, calling into question the notion that a lengthy
consolidation is needed before we see higher prices.
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Trump's new promise of
$2,000 stimulus checks to lower-income Americans and 50-year mortgages –
coupled with the Fed's ongoing monetary easing – seems to have rebooted
market enthusiasm for both precious metals.
Silver has rallied $3
since Friday and currently trades at $51.40.
But the white metal is
still $3 below its all-time high last month.
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Gold rallied $200 and trades around
$4,150, still $200 below its high.
It's certainly too early to be
confident the correction is over, but both metals have been remarkably resilient
after the monster rally of the past few months topped out around October
16th.
For more on the current situation, see
this
morning's analysis from Jesse Colombo.
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Other Great Options to
Consider
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