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Bullion News

Bullion News Review: October 11th – 18th, 2021

Here we cover the latest articles in the gold and silver market to keep you up to date.

Big breakout metals

This was the week when the world awoke to soaring energy prices, followed by metals. Copper briefly hit $10,000 per tonne in strong backwardation.

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India’s silver imports are up 60 times

India’s silver imports are up a staggering 60 times what they were last year. Also, paper gold short sellers will be overwhelmed and a look at more problems across the globe.

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Gold looks ready to shine

With increasing concerns around stagflation, Gold enjoyed a strong rally all the way to a good resistance range at $1796-$1799, which consists of the 200 day MA and a falling trend line resistance, while also completing a small inverted head and shoulders formation with the neckline currently trading at $1779.

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KJC Team

The Blog Team at KJC Coins Australia strives to bring you the latest happenings in the bullion market, new releases in numismatic and bullion products and in depth tips & tricks of the trade in a creative & easily digestible way. Keep up to date with us - we're only just getting started!
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