Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Canuck Dave who wrote (23734)	12/18/2002 12:41:38 PM
From: NOW	Read Replies (1) of 36161

Dow Jones] JP Morgan recommends buying gold on dips, noting "larger bullish bias remains" despite pausing from bull run after break of key $340.50/oz resistance yesterday, short-term overbought signals on intraday charts. Pegs near-term support at $336, short-term support at $330; says market could try $350 if gold picks up to $340.50 again. Spot gold now down 32 cents vs late NY at $337.35, off $336.50 day-low.

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