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The Dollar's Break Might be Getting Overextended

Now, what's been behind everything is the drop in the dollar. The drop in the dollar is probably in part, responsible for the stock market rally. Certainly, for the support, the goal of seeing in the $1960s. Silver hasn't yet come alive. The copper market got good news this morning, out of China...

When we take a look at the gold market, we can see how it stayed over the 18-week moving average of closes, keeping the bias to the upside. When we look at the daily action, the market's gone into something of a trading range. The pattern has been one of lower highs and lower lows, which would change if the market were to get over the $1996.40 area.

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