Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: TheBusDriver who wrote (21115)	11/1/2002 8:52:54 AM
From: ItsAllCyclical	Read Replies (1) of 36161

We got a dip that broke $310, but never went to $305. We then had such a slow steady climb that most were in disbelief. Finally we had an EOD selloff yesterday that sent many miners down sharply in the last hour of trading despite the Dollar breaking down and really poor econ news. What a perfect way to get rid of weak longs and make them buy higher. Sold a small amount of HGMCY at 14 in pre-market since I was overloaded from buying near the close yesterday. Regardless of the action today I doubt I'll be selling any more. This gold bull is trying to shake off as many as possible before making it's run over $330. My guess is that this next attempt will fail before $330, we'll consolidate around $315 to 320 and then the next push will do it. BWTFDIK. Of course the best way to ensure that most gold longs miss this move would be to send gold over $330 on this move.

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