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Wednesday, October 18, 2006

Precious Metals Update

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Precious Metals in tight range trading, keep tight stops.
Markets awaits for the US CPI figures coming out today, and could be disappointed if the figure does not come strong. However yesterday drop, shows some sign of tight trading and weakness.
Todays Figures is considerably heavy, in-follow with Crude Oil Price, leading the Precious Metals prices.

Main Focus is Keep tight Stops, Wait for Economic Datas, Follow Crude Oil Price for much clearer Idea.
Breaking 598 Opens channels for 602 levels
606.50 triangle broken pushes gold Upwards for a drive ride to 620+ levels.

581/583 is Support Zone.

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