Doomsday. In Two Months. Film at Eleven.

By Jon Nadler
02 September 2009 @ 09:50 am EDT

Gold prices once again remained 'in the zone' overnight, unable to break to either side of the (narrowing) range we have now had in place for quite some time. The market was on the beat on a $953-$958 path during the overnight hours while oil and the dollar provided little impetus for more sizeable moves. Oil was trading a hair above $68 early this morning, apparently unfazed (as yet) by the discovery of a 3 billion barrel deposit by BP in the Gulf of Mexico. The dollar was off marginally, quoted at 78.65 on the trade-weighted index.

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