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Premium Update
December 7, 2012, 10:05 AMThis week we saw gold dropping to its lowest level in nearly a month, which triggered one of Sunshine Profits Indicators to flash a signal influencing half of your trading capital. Speaking of capital, it appears that despite the looming fiscal cliff and seismic economic shocks observed around the world, most investors are still clueless about physical gold.
Will falling off the fiscal cliff cause enough fear to push investors to gold, or will the gold stumble just like everything else? The one certain thing is that gold is hard to be found on the news lately, however, to see if it's just taking a deep breath before facing the reporters, we analyze the Euro and USD indices, look for the confirmation of the recent breakout in gold seen from the Japanese Yen perspective, and check on the Global X Silver Miners chart, which is one step from flashing a signal.
US non-farm employment rates are about to be released today and influence the US Dollar, the stock market and the gold in the coming days. The question is if the numbers will push the greenback further into downtrend along with the stock market and will investors view gold as a "risk asset" or "safe haven".
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