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Wednesday, December 13, 2006

Gold Update

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Gold is in very tight ranges, trading in sidelines for the moment, with set of US Datas to release today and Crude Oil Inventories, we shall heavy movements in the prices.
With Short-term support at 622 and 615 levels (where 200 MA and 50 MA lies).

We have OPEC meeting this week, which shall affect the Crude Oil Prices heavily, in return to Precious Metals.

Main Focus today is at the Data, to see further reactions on the prices

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