Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (6571)	1/18/2002 10:09:37 PM
From: Square_Dealings	Read Replies (1) of 36161

Feb gold futures closed right on the 61.8% retrace level from the breakout of 279.30 to the high of 289.90 March silver closed right on the 61.8% retace level from the move from 4.00 to 4.77 So its possible we've seen the pull back imo. Besides world tensions are heating up in Middle East and Pakistan/India. Enron investigation, JP Morgan derivatives pressure etc. etc. Maybe Anglogold (with JP Morgan on the board) is shorting the hell out of gold here but one of these days they are going to get caught short in a big way like they are now and the price will explode. And not a measly $10 (3%) move either. M.

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