Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (62082)	1/6/2003 1:04:46 PM
From: Real Man	Read Replies (2) of 94695

100,000 contracts = 10,000,000 Oz of gold, $10 million for every $1 move in gold. Peanuts for JPM, not so for traders. EW predict a down move to 315 area in gold to start shortly. Actually, a new low (below 252) is required to end the bear market in gold which started in 1980. I would not short gold here (just a bit of XAU puts, not a major trade), but if it gets down a lot, I will buy at 330, 315, and bet the farm if it goes down to 250. A major down move will end the bear market in gold, then it will go to da moon non stop.

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