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Wednesday, September 06, 2006

After Several Weeks Of Sideways Trade

After several weeks of sideways trade, Gold looks poised to make its move. Commodity funds and investors came back from the long Labor Day Holiday in the U.S. and actively returned as eager buyers to the entire metals complex, including Gold. The most-active December Gold contract shot to 4-week highs, triggering buy-stops along the way. The surprising aspect about yesterday's price surge was that it occurred without any help from the energy complex, which continues to sell-off. Read More....