Hi,
Gold is moving higher and touched a high of $1598 another record.
Silver is very close to $40.
May be debt ceiling debate in the US,keeping investor/ trader interest in these precious metals.Policy makers in the US have time till Aug 02nd to decide on the debt ceiling.Hence, it is advisable not to entertain ideas of shorting these precious metals in the next two weeks.
Mr Jim Rogers on Bloomberg has said,he is not selling his gold holdings yet.Infact will add to his gold position on dips.
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