Gold Mar 25
Short term = up --- resistance 1619-1622 &1635-1640
Weekly Resistance 1635-1640
Gold Support 1583-1587 & 1592-1596
Weekly Support1 560-1565
Daily Bull/bear zone=1608-1612 (ideal 1609)
Weekly Bull/bear zone 1601-1605 (ideal 1605)
All we can do is pray:
Cyprus teeters on the brink of financial collapse as bank restricts customers to 100-euro withdrawals and president flies to Brussels to beg for help
There is bearish potential for a fall to 1602.67 while 1609.54 - 1612.48 resist.
After this fall a recovery up to 1612.48 or 1615.4
- World Bank chief: Meltdown could be contagious and infect other nations
- Thousands of protesters voice anger as Cyprus nears deadline tomorrow
- Nicosia 'agrees with lenders on 20% levy on BoC deposits over €100,000'
- Cypriot government: 'Negotiations are very delicate and deadlines tight'
- EU says island must raise €5.8bn on its own before it gets €10bn bailout
- Cypriot President Nicos Anastasiades due in Brussels for urgent talks
- Russia could retaliate to crisis by punishing EU, ex-Kremlin adviser says
Cypriots gathered at Orthodox churches around the country today to pray for their crisis-hit island.
Worried shoppers were panic buying at supermarkets in Cyprus today as the World Bank warned a meltdown on the island could be contagious and infect the economies of other vulnerable nations.
Nicosia reportedly agreed with its lenders on a 20 per cent levy on bank deposits over €100,000 at its largest lender, Bank of Cyprus, and 4 per cent on deposits above the same level at other banks.
And the central bank in Cyprus imposed a €100 per day withdrawal limit at cash machines for all local banks today to avert a run on lenders, lasting from 13:00 today (11:00 GMT) until at least Tuesday.
President Nicos Anastasiades flew to Brussels, Belgium, for talks as the island sought an 11th-hour reprieve from disaster, with a bailout from the EU and its place in the euro hanging in the balance.
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GOLD CURRENT TRADE
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Our Position
Bought 1Apr Gold on 20/03/2013
Entry: 1605
Sell Stop : 1590
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SILVER CURRENT TRADE
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Our Positions
Bought 1May Silver on 21/03/2013
Entry: 29.15
Sell Stop : 28.30
Bought 1May Silver on 22/03/2013
Entry: 28.60
Sell Stop: 28.30
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TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
