VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (52324)	5/29/2002 9:49:32 PM
From: t2	Read Replies (1) of 65232

One would expect a pullback in gold and gold stocks in the next couple of weeks. QQQs are too far off max pain of 33. "They" will find a way to get them there a week or two before expiration. Intel mid quarter update could be a catalyst (june 6). Lots of negativity is being built into this stock last couple of days....and we have to remember it is a near monopoly...they can keep prices high if they wish but are cutting to punish AMD near term, imho. Don't want a rival to have too big of an R and D budget from good profits could have been a big motivation behind those big price cuts on the weekend. That run to max pain of QQQ=33 is the time I want to load up on gold again. I just hope it does not take off on me. If the dollar stabilizes for a couple of weeks, gold will take a breather. btw--noticed that short interest increased a lot in mining stocks in May; good setup for future rallies.

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