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Todays Guest Commentary - Dec 1, 2015 Market Ideas Bullion

TODAY'S MARKET IDEAS: Yesterday's bounce off of new contract lows followed by additional strength overnight has managed to put February gold just into its consolidation range of the past two weeks. Initial resistance in February gold comes in at $1,075 and then $1,080. We will see if short-covering is diminished with the start of the new month and whether the market resumes its downside pattern. For the moment, there seems to be caution with the approach of Friday's jobs report. March silver should find decent near-term support around the $13.93 area, with resistance at $14.375. The next downside target for January platinum is at $820.