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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 686.10

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To: j g cordes who wrote (25075)	2/6/2000 5:14:00 AM
From: Johnny Canuck	Read Replies (1) of 70435

Jim, Gold is showing some life here. The XAU crossed the 50, 100 and 200 day EMA in one move. One of the big Canadian gold producers removed their hedging program. The street must be thinking that the price of gold is finally going to rise in the next few months. 207.61.23.98 It could be an early signal that we are entering the later stages of the economic cycle when commodity prices finally move and commodity based companies start to move. Time to look at the oil drillers again, though they have had a good move already due to the high oil prices, artifical production levels or not.

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