Written By Basilio Chen

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After a correction from its peak in 2012, this week gold and silver made a strong move crossing over major resistance at 1280 settling above 1300.

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In the weekly charts, we can see the building of the base much clearer including the negative divergence for the past year since June 2013.  In both, daily and weekly charts, gold has crossed its first major resistance with strong impulse.

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The charts for silver represent the same however as an investment silver would represent a better return.

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Weekly.

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Other charts of interest in the background is the Baltic Index.

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BDI remains very anemic and in fact threatening a breakdown toward the low of 700.

Copper prices also does not show much strength in the growing economies like China.

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And steel (building of infrastructure and real estate and manufacturing equipment) is further repressed.

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