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  • Gold Moves Up, Dollar Breaks Down

    Posted on September 30th, 2009 No comments

    Gold just recently broke the $1000 barrier once again, proving that it just isn’t comfortable under $1000. The $1000-$1003 range was the level of resistence I was looking to break in order to get bullish once again. In the opposite corner, the US dollar is breaking lower against most major currencies, especially the Canadian dollar.

    At this point, technicals have me very interested in the commodity markets, where I will slowly be taking positions once again.

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