Securities Research Services

Friday, February 09, 2007

Gold Catches Fire

The broad market continues to work its way slightly higher and tech continues to work out its trading range. We suspect that a sharp one or two day drop may be coming up that will shake out the weak hands and put fear back into the retail traders who are starting to recognize the uptrend.

After options expiration is out of the way, look for tech to start trending higher as it scales a wall of worry.

Meanwhile, everything's golden in gold. Gold is catching a bid and the upcoming move could be a big one.

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