Dollar Drops—Gold and Crude Rise

09/23/2008 12:00 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

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Dollar's decline helped gold and crude move sharply higher. December gold is already reaching stronger resistance in the $930-$970 area. The extent of the next pullback will tell us more. Short squeeze in the October crude oil set a record one day gain. November crude has strong resistance at $118-$125.

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