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Monday, June 19, 2006

No Such Movement After NY Market Opening

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Looks no such Movement even After the Opening of NY Market,

We assume market will end today Around the same range.

The Gold was Hurt due to Dollar and Crude Oil today

The combination of a stronger dollar and softer crude oil has left Comex gold and silver on the defensive in the early going, says a trader. Overall, however, these markets are consolidating after a run-up this spring followed by a sharp correction lower. The euro has fallen to $1.2572 from $1.2642 late Friday, and July crude has lost 43 cents to $69.45 a barrel. Against this backdrop, August gold is down $9.70 to $572 and July silver is down 22 cents to $9.91.

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