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BofA recommends selling short gold against silver at a ratio of 83.50, with a target of 78.50/75.00 and a stop at 87.50.
Key Points:
Conclusion:
Given the current market dynamics, BofA’s strategy focuses on capitalizing on the relative strength of silver compared to gold, recommending short positions in gold while targeting significant levels in silver.
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This article was written by Adam Button at www.forexlive.com.
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