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However, from a markets perspective the situation has de-escalated since Monday morning.
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The precious metals markets remain well-supported from a fundamental perspective, and the technical postures of gold and silver have also recently turned more near-term bullish.
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The precious metals markets remain well-supported from an overall fundamental perspective, and the technical postures of gold and silver have also recently turned more near-term bullish.
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Complications seemed manageable and, from my perspective at the time, markets were offering solutions faster than planners could cause problems.
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But it is irrational from the perspective of fast-moving global markets, where consumers rather than central planners are at the center of the economic universe.
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And with the majority of the global markets closed tomorrow, the market may be in a rather vulnerable position from a short-term perspective.
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Gold and silver bulls still have some more work to do in the near term to shore up their markets from a technical perspective.
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From a national policy perspective, speculation provides the grease that encourages markets to be efficient and aids in price discovery by often providing the other side of the trade.
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"He has taught us to regard markets, firms, associations, agencies and even households from the perspective of their contribution to the resolution of conflict, " the panel said.
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