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Strategies & Market Trends : Strictly: Drilling II

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To: Cogito Ergo Sum who wrote (5164)12/11/2001 5:21:56 PM
From: isopatch   of 36161
 
Homer. Sellin' the seed corn.<g>

Kinross, can understand. But GLG? Oh my!

But real ST wiggles aren't my thing. So, who knows, maybe you get an air pocket and reload Glamis for less than you paid last time. If so, I'll be buying more right next to ya. Intermediate to Long Term, the case for gold looks stronger than ever to me.

In any case, don't get discouraged. This years market has been unusually tough. MMs, specialists and seems some large players have been fading TA in a variety of different sectors.

Just grateful I stopped relying on TA for the golds a long time ago, in favor of my own timing model. So far it's still on that recent buy signal. I'll buy the dips till it says otherwise.

During the past few days pull back in bullion to the lo 270s, lease rates have held up nicely. My work considers this a positive divergence. All we need to do is get the next few days of rate window risk where the gimmick gang has been known in the past to prop the clown buck and slam the yellow. After that, am expecting a resumption of the rally which methinks will easily work its way higher into next year.

Regards,

Iso
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