Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (2592)	10/9/2001 4:34:17 PM
From: Zeev Hed	Read Replies (2) of 36161

George, last May, I believe I suggested that in lieu of playing gold, one would be better off playing a hedge long Platinum (then at $612) and short Palladium (then at $642)(#reply-15826754) . While that hedge, here after less than five months is paying handsomely (Pt now at $427 and Pd at $339), and may still be left on, right now might be a very good point to close it. By the way, for the same post less than five months ago, $295 is still standing proud as an invincible barrier for Gold. Your response t me that before the end of th year gold would be headed much higher, not much left in this year for that to happen, and if September 11 and its repercussions could not breach $295, what will? Zeev

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