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Strategies & Market Trends : The Ego Forum

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From: hubris33	7/15/2008 11:15:35 AM
	of 12175

Real panic selling and profit taking in the PMs today! AEM perennial leader on the way up is off over 3.37%! If it breaks below yesterday's low it could trigger some heavy selling on stops. POG got whacked by the boyz in the pit, below 970 before a modest rally back to 976. It is going to take a BIG move up in POG to bring buyers back into the PMs. I'm not seeing an conviction on the buy side. With the weakness in the overall markets, not surprising to see profit taking when the profits are presented. We are still in seasonal patterns and summer doldrums. Volume should allow wild volatility. JMHO H3

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