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Gold breaking down

Author: Varun Kanotra (info)
Website: http://www.targetsix.com/
Posted: January 4th, 2007 at 11:59 pm EST
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While the market continues to chop around, Gold and Oil decline sharply. Look at this movement in GLD, holy cow!!!

If GLD clears 61 it would complete the head and shoulders pattern. Check it out!

Non farm payroll numbers out tomorrow morning. Expect more choppiness, possibility of market selling off tomorrow as bad numbers are expected. We’ll see what happens.

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