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Strategies & Market Trends : Sharck Soup

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To: Paul A who wrote (37341)12/1/2001 8:14:56 PM
From: Jane4IceCream   of 37746
 
Hi Paul!

**OT** I love Italian food too!! Love to experiment with different sauces/toppings.

Oh, you asked me my opinion on gold. Yes, TATRADER is very good at technical trading and I like his thread because its mellow with good posters. The POG bounced nicely off recent resistance at 272ish and it appears the short positions are unwinding. The XAU is back to a short term resistance point here in the mid 52's and if it can break out it should carry forth a nice rallye again but the thingy with gold is the manipulation and the economic and political environment that must be obeyed too. I currently hold shares of NEM, PDG and GG and will add on any increasing strength through XAU 53. My last trip with gold shares I held some of the SA shares but feel the NA shares like NEM, PDG will do better in any rallye here. BWDIK!

Anyways, holding NEM, PDG and others at these levels shouldnt hurt rallye or no rallye since they are near lower resistance levels to begin with. Only holding gold shares as a hedge to my tech trading daily plus not wanting to miss any rallye since gold shares spike crazily at any moment. Not sure what to make out about NEM since they are still involved with the bidding for a gold company in Australia v. Anglogold <AU> but it appears to be lagging now to the others alittle and I enjoyed trading NEM in the 20-24 range the past couple months or so. NEM is THE barometer for NA gold shares.

Take my opinion for exactly that...an opinion. I still will always lean towards trading the techs and biotechs first.

Have fun,
Jane
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