Further weakening in the US Dollar, could it be heading towards it's '08 lows? If so Gold would then make another run towards the $1000 resistance level. If this economy is picking up strength [JP Morgan analyst is projecting 3% GDP for Q3], then look for a pickup in the inflation trades.
My picks have been Yamana Gold (AUY) & Freeport McMoran (FCX). For the month of July commodity prices rose by 13.8%.
*click on chart to expand image
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