Tuesday, August 29, 2006

XAU holds on

Another weird day, the XAU holds on to a gain, finding some buyers as spot gold takes another hit (5-day-chart XAU).

The broad market dips, and then rallies back to a positive close. The Russell 2000 has a good day (IWM chart).

Again, all this is happening on low, low volume, so while up is good for the bulls, it is not reason to get too excited.

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