Aden Forecast
"Gold fell to a 3½ month low yesterday as its 10 week decline intensifies. It's beginning to look like a D decline is in the works but it's still too soon to say. The key support for gold is $640 basis August. It's the previous low posted on March 5 and it's becoming the key 65 week moving average support level. This rising average is currently at $637 and it will be approaching $640 in a few weeks. If gold holds above $640 and then closes back above $665, the weakness will be over. Gold shares held up better than gold, which is a good sign for both. The HUI index has strong support at 319. Silver, however, fell sharply this week and it broke below its 65 week moving average for the first time in about two years. If silver basis September stays below $12.70 next week, it will be a bearish sign. This fall could be a quick dip so let's keep an eye on $12.70. Keep your gold and silver shares. Copper looks good and the base metals in general appear to be bottom fishing. Copper is strong above $3.25. Keep your natural resource and energy shares."(6/28/07)

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