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Strategies & Market Trends : News Links and Chart Links

SPXL 222.46

-0.9%

Dec 8 4:00 PM EST

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To: Jon K. who started this subject	12/13/2002 11:14:08 AM
From: Softechie	of 29602

11:10 (Dow Jones) As the price of gold continues its climb higher, technical strategists are jumping on the band wagon, calling for investors to stock up on gold stocks. Strategists say with the mounting tensions with Iraq and North Korea, not to mention the weakening dollar and high price of oil, investors looking for a safe haven need look no further than gold. Technically, the Philadelphia Gold and Silver Index (XAU) has broken out of its triangular consolidation pattern and is poised to climb to 93. The XAU recently traded at 75.84. (SPJ)

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