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Wednesday, October 22, 2008

Gold Chart -- Gold Tests Support

The US dollar is strengthening as capital flees higher-risk economies and flowing into the greenback. And this is weighing on gold, bringing it down to its first weekly uptrend ...

There is support below this, at at 738.90, and then the second uptrend comes into play around 675. Will gold go that low? And would it be the buying opportunity of the year if it did?
And here's my latest column, "Yes, We Have No Silver".

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