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A Look At The XAU
posted Feb 3, 2005 at 10:46PM

Daily Chart

Weekly Chart


Selling is still too orderly for my tastes. People are not puking their shares overboard so I am cautious of playing contrarian here. I would rather wait for a turn in the sector and buy on strength.

As well the dollar continues to play mind-games and is still on short term buy.

Watch and shoot. Friday's employment report has market moving potential.

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