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Gold Under Pressure


Monday October 8th, 2007
Gold Under Pressure
by Mike Paulenoff www.MPTrader.com
Gold Under Pressure
By Mike Paulenoff, www.MPTrader.com

The streetTRACKS Gold Shares (NYSE: GLD) is under pressure today with the entire commodity complex, but the weakness has not inflicted any meaningful damage to the overall dominant uptrend off of the August low at 63.47. Only a break below 71.15 will begin to compromise my still bullish outlook.

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