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Tuesday, August 01, 2006

Gold Update

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Precious metals still bullish – even if range bound yesterday- and could have plenty of support from the ECB hike Rate decision Thursday while the Market is looking for a 30-50% chance of a rate hike on Aug 8th.
Look at the Eur/Usd for any price direction.
We prefer to buy Gold on dips, solid support at 630/2 level

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