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Premium Update
January 18, 2013, 7:26 AMThis week Platinum regained its place as the leader of the precious metals pack on the back of automotive sales and recent production cuts in South Africa. Gold however, is not going to give up without a fight. Germany's central bank decision to repatriate part of its gold holdings ads some spice to the situation, which is already heating up:
- Euro breaking out above the December 2012 high
- Emerging head-and-shoulders Dollar pattern
- Potentially meaningful situation in the S&P 500
- Strong volume and similarities to the early November price action for gold
- Dissonance between gold and the senior miners
- 5 possible targets for silver in the coming months
- Estimated range for the next move in gold
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