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Strategies & Market Trends : Strictly: Drilling II

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To: jimsioi who wrote (20046)10/10/2002 2:54:42 AM
From: TheBusDriver  Read Replies (1) of 36161
 
<<Further weakness in the dollar will be supportive from here....if we get back down to 106.>>

Agreed. I use INO to track the buck and it does not show asian markets. But USD did not look very strong at the close. However I think FED intervention will prevent the USD from falling too far too fast. Looking for a reversal in USD sometime today, but this is seat of the pants stuff.

<<Miners are just being liquidated along with just about everything,>>

Yes, a meltdown will take everything with it. Including PM stocks.

There are too many outside influences to make sense of POG right now. At least for me.

<<When they get there Silver will be most tempting again....$4.20??>>

This is my target was well.

Thanks for the post.

Wayne
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