Correction in Gold - Market Analysis for Sep 24th, 2007

As we speak, the streetTRACKS Gold Shares (NYSE: GLD) is pressing to the downside again its Aug-Sep support line (72.00), which if violated and sustained should trigger downside follow-through to 71.00 at a minimum and possibly 70.00 thereafter prior to the emergence of new buying interest. I am on the sidelines in the GLD until this correction runs its course.