Sunday, February 27, 2011
Just a quick update from last week. The stock indices sold off but it doesn't look like there was any major damage. GE held its uptrend line that has been in place for weeks. Gold is at a breakout point to the upside at resistance, however the resistance could hold. NEM sold off sharply last week but GG continued higher. The US dollar is back to around the important number of 77. If it breaks down, gold should move through the resistance. We'll see.
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