FITB (Fifth Third Bancorp) Message Board

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Non-Tech : FITB (Fifth Third Bancorp)

FITB 42.15

+1.5%

3:59 PM EST

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To: Ron Kory who wrote (41)	7/14/1997 3:52:00 PM
From: Ross	of 68

Ron, That is an interesting analysis but I really do not know if it really is relevant. As long as the Central banks are selling, gold will go lower. I only trade ABX and was short, but covered (a little late by the way), and may have missed a good trade to the long side. Now I'm mixed so sit on the sidelines. I thought it would go at least to $16.00 and still could (should).. When I'm confused I usually wait and more often than not, miss a trade.. ABX is holding up despite a weak gold market. And I interpret this as good, but I'm very cautious. So many are trying to pick the bottom.. I believe the XAU is "over priced" compared to the underlying metal so it breaks things could get ugly, real quick.. If there is a spike down again it will be hard not to get involved on the long side.. I will try and post my opinions, if I have any. :D Ross

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