Thursday, September 27, 2007

Holding pattern


Gold and silver continue to consolidate in a trading range.

GDX's decline seems to have been halted, for the time being, at support provided by the line joining the April and July 2007 peaks.

Meanwhile, the U.S. dollar index has stopped falling. It closed on Thursday just 2/100ths of a point below its 1992 low.

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