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Wednesday, November 22, 2006

Gold Update

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Gold crosses the 630 level resistance, with dollar weakness heavily on the boards, and with Crude Oil inventories coming out today which shall hope for a rally in Crude Oil, helping precious metals.
We are looking for 636 to cross soon today, confirming such push remains upfront.
With a solid Technical Picture, gold Aims for higher.
We have Initial Jobless Claims and Continuing Claims coming out at 13:30 GMT which shall be main focus with Crude Oil Inventories


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