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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (25753)12/7/2001 11:04:10 PM
From: Square_Dealings  Read Replies (4) of 52237
 
<But gold commercials short again (sigh):>

It's a small short position :)

Some smaller South African mines are selling forward because the SA Rand is dropping like a stone. That was a little pressure this weeks COT I think.

But the bigger mines like NEM and ABX are consolidating. These are the guys lifting big hedges which is more important in the long term imo.

Silver, platinum and palladium made nice moves off the bottom this week and I think the currencies are turning. Good set up for gold imo.

M.
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