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Housekeeping: Support Independent Media

Featured Posts on News Sites :

Scottsdale Mint — Higher in Steps: UBS Sees Copper Marching Toward $15,500

Zerohedge — Higher in Steps: UBS Sees Copper Marching Toward $15,500

Yahoo — Expense Report: 303 Gold Bars — Former CIA Officer Charged in $40M Theft

X.com — Expense Report: 303 Gold Bars — Former CIA Officer Charged in $40M Theft

Featured Analysis:

News & Analysis:

Coming Soon

Data on Deck: GDP and PCE

* MONDAY, MAY 25 None scheduled, Memorial Day holiday

* TUESDAY, MAY 26 S&P Case-Shiller home price index

* WEDNESDAY, MAY 27 None scheduled

* THURSDAY, MAY 28 New home sales April

* FRIDAY, MAY 29 GDP

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Charts and Final Market Check:

Precious Metals Market Recap

Market Activity

Yesterday marked an important turning point for gold and silver. Both metals opened under pressure, with gold testing its 200-day moving average near support early in the session. The setup initially looked weak, but buyers stepped in aggressively and both metals reversed sharply higher.