Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (21365)	11/6/2002 1:49:57 AM
From: Canuck Dave	Read Replies (1) of 36161

Don't be surprised if gold tanks tomorrow. Longer term, let me see if I can guess your views. Republican victory means tax cuts, more defense spending, and bigger deficits. More importantly, it is a vote of confidence in the current economic path (Democrats campaigned on economy to no avail) and status quo. And here on the SDII thread, we have a pretty good idea where that path leads. Expect a rate cut and a big market up move tomorrow, not necessarily in that order. Producers waiting to reduce hedge books sitting below the bid will slowly bid gold back up in the following days. Just my opinion. CD

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