Gold Action for 12-8-2006

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Gold looks as if it will see some good returns over the next year or two. At the end of October, Gold broke out of a large wedge that had contained it since May 2006.

Technically Speaking, it is unclear whether or not gold will continue moving up in the short-term. By the beginning of 2007 we should see a nice upward move in Gold, as foretold by the bullish breakout of the wedge formation.

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