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Aden Forecast "The metals and commodities are bubbling in spite of a firm dollar."

ReportGold
Date04/07/2010
Loaded Date04/08/2010
TitleQ2 Off to a Good Start
Quote"New highs in several markets yesterday kicked off the second quarter. From the U.S. stock market, to other global markets, to oil, the Canadian dollar, copper and nickel, they all reached new highs yesterday. Today, platinum and palladium continued their strong rises while gold, gold shares and silver are following. The markets in general, have room to rise further and we recommend staying invested.

The metals and commodities are bubbling in spite of a firm dollar. Platinum and palladium have been strong all along and today's jump up in the gold price means it's following. It looks like the February low was "the low" for now. Since the decline to this low was moderate it means that if the February low at $1053 was a D low, the market is super strong and bullish. On the other hand, if a double C peak is still in the making it's still a bullish omen. Keep an eye on the numbers... if gold stays above $1090, and especially above $1143, a renewed rise is underway and the November record closing high at $1218 will be the last critical resistance. A new record high would be extremely bullish. Gold shares and silver are following. Both are very strong above 171 on the XAU index and $17.60 for silver (basis May).

. . .Platinum and palladium are very strong above $1,580 and $450, respectively. Keep your positions."