Gold Holding Firm

Aden Forecast
"Gold is holding firm, which is a good sign for the metals arena. It's stronger than silver and gold shares, and it's firm above $665, basis December. A break above $686 would show good strength and above $696, the April high, would be very bullish. Major support is at $641. Silver is bottoming in an extreme oversold area. It turned bearish with the fall this month, but let's see how it performs on a rebound rise. Silver could easily bounce up to $12.60. It would again turn bullish above $12.60. Likewise for gold shares... a close above 140 on XAU would show strength for a rebound rise."(8/29/07)

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