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From Greg M
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China and Iran have signed a 25-year cooperation agreement. This is intended to intensify relations in areas such as energy, infrastructure, industry and technology, according to the Iranian president's office. Beijing plans to invest around $400 billion in Iran's infrastructure as part of the cooperation. Of course, this is not without a quid pro quo: Tehran has promised the Chinese preferential access to crude oil.
Silver just broke through 200 DMA. I would stay away from it