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Thursday, December 15, 2011

Bullion Updates and MCX Gold and Silver Trading Tips for Today

A massive decline has been seen in precious metals. Silver with nearly 1.5% decline, trading near 53500 and a consistent trade below the same would bring more downside in MCX Silver. While MCX gold has lost nearly 1% and moved below 28000 level. On Comex also, Gold has been dropped to $1570 level. We would suggest days traders to take their positions cautiously.
Buy Gold only above 28200 while sell below 27850. you can sell silver below 53150 while above 53800 go for buy.

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