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Wednesday, February 21, 2007

Gold

BULLET: GOLD: Spiked to the $682.00 level after a slow climb.GOLD: Spiked to the $682.00 level after a slow steady climb to $673 accelerated, prompting a round of stop-driven buying through the $675/676 level that had capped the pair of late. One trader suspecting hedge fund demand behind the move after those names were sellers of the metal yesterday as it slid to lows near $655.00, now perhaps caugth wrong-footed.

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