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FED and Treasury Action Will Determine Strength of Dollar

In the gold market, we are up for the month 1/4 of a percent. We are going sideways all of a sudden. Now we have entered a correction because we are over key moving averages. I am uncomfortable buying over the first challenge of the 200-day average of closes. You couldn't make the move over the upper band, and you lost some momentum.

You are getting a bullish crossover and that is a good piece of action. 

If you close under 1979 on November 1, the gold market could turn very negative.

It will take another big event to kick gold up another level.

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