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Sunday, October 01, 2006

Precious Metals in Push

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Gold last week Stood above 200MA, before the market was about to get closed,
Which proved to be a good Sign, and pushed the gold today.
We look ahead for Gold to rally this week as well, As there are heavy chances for USD to weaken this week, and that could support the precious Metals.
We have ECB rate decision this Thursday, which is Important, as calls pass that 50 Basis Point could be expected.

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