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Gold - New Highs, or Continuation of the Trading Range?

July 15th, 2008 · No Comments · Gold and Silver Stocks, HUI XAU Index Charts

The HUI gold stock index has continually traded within tightly bound trading ranges during each phase of this gold bull. During 2006, and the first half of 2007, gold and gold stocks were fundamentally driven by the collapse of the U.S. Dollar and rising inflation. Even with the parabolic surge in commodities resulting in new [...]

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