JULY 16 2007 12:30PM - Today was a strange day in terms of market action with both silver and gold zig-zagging back and forth like a yo-yo. The dollar recovered from early weakness but was unable to reach positive territory, so it was somewhat disappointing to see the PMs drifting down. PM stocks had an especially difficult day, although some like Avino and Mag Silver were up nicely. Still looking for the HUI to break through the 360 level with conviction and days like today are not very encouraging. I'll have more to say later after I update the website.
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