Summary

Breaking above 85.97 would continue to validate the acceleration process taking place toward the target zone of 92 for the PHLX index.

Last week, the gold market closing at $1291, it opened at $1290 and came down last week to make a low of $1281.20, almost activating the $1280 Buy levels.

A rising CRB and rising interest rates, which could significantly impact sovereign debt payments, should be good for gold and silver prices.

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