Saturday, October 28, 2006

All that Glitters

Here is something worth watching in the next week or so. The gold sector is starting to show signs of life once again. Many of the gold stocks have been building base patterns in the past month or two. Here is my analysis of the chart on gold:
Though there were exceptions last year, in general, Gold move inversely to the movements of USD$, so any weakness in the USD$ will add fuel to a possible gold rally.

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