Gold Price - no means out of danger yet

Gold Price surprised everyone last Friday by jumping $20 to close $1,662.30. Short covering before the weekend could account for that, but gold also closed up 0.4% this week, even after some terrible days. The gold price has caught on an internal support line, but if it breaks down through $1,627, it will hit the skids. By no means out of danger yet.

Gold fell off, but ended the week higher or about even. Stocks proved unable to move higher, and fell back. Dollar still hanging on by fingernails.

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