Wednesday, January 31, 2007

Oil And Gold Continue To Rally



Oil and gold continue to rally. Crude oil closed up a dollar for the March Contract. Gold closed up almost eight dollars. I'm still holding my long positions because I believe these stocks can move a great deal higher, especially gold and silver.

Notice in the above chart GLD (ETF for Gold) made it's highest close since August. My upside objective is a test of the May high.

Posted by Kevin

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