Gold seems to be
clearly breaking out on the upside in reaction to a weaker dollar. In early trading, gold is up $15, while
silver is up $.21. The dollar is down
74 basis points at 84.88 and oil is down $.53 at $45.95 a barrel after reaching
a high of $47.05. The Dow is up 112
points. Gold has reached a three-month
high on increasing momentum to the upside.
Momentum buying has produced a technical rally that looks set to
decisively breakout abov…
Original Post By Google News by Joe Battaglia
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