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Tuesday, September 12, 2006

Gold Visited 586 Levels again

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Gold Visited 586 Levels Again,
We hope it gives a boost on Wednesday, It tried today as well to clear 600, But failed to do so.
Its playing the Same way as EUR/USD where we see good Amount of offers at 1.2675 levels and 1.2730 levels
In Gold we see good amount of offers at 600, Bringing it back down, And 583 levels Offers present bringing it back up.

The Main Key right now is Dollar Strength, And Since Heavy CrudeOil Fall, has Failed the Charm of strength in Commodities as well.
We saw $13 last week in Silver, today we see 10.98 levels, so its a Huge Drop
Gold was 640's last week, today we see it 580, which is In correlation to Huge Crude Oil Fall, Dollar Strength, GeoPolitical Tension Easing - Iran and Eu.

Today there was also a Syrian Attack, but Which didnt help boost any of the prices nor in Energy and COmmodities,
Crude Oil touched one of the lowest today settling at $63.70/-

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