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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject1/13/2003 10:38:06 PM
From: jimsioi  Read Replies (3) of 36161
 
Shall we ignore FEB GOLD's new high close

As bearish as I feel, or "corrective", and as less than enthusiastic as I sense most are here, I certainly wouldn't have thought that GOLD had made a new high close Monday.

We'll dismiss the action for now as a mere technical aberration. Clearly the market is headed for some correction....$345 minimum...right??? If not why aren't we loaded to the gills....Real hard to believe that with Gold where it is that this board is so removed from "bullish" sentiment with regards the miners. Clearly they don't look as good as the metal itself, and the CRB is starting to tilt....grains are real weak and the same is evident in a number of commodities. Even Crude goes down tomorrow and it looks to be in trouble...

Gold Daily
futures.tradingcharts.com

Dollar hourly - just hanging out....likely will jump on good earnings news...
charts-d.quote.com:443/1018861645530?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:DX00Y&Interval=60&Permission=342490&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10

Crude - declining pennant - down in the overnights....will it be two recoveries in a row....???

Figure we can indeed ignore Feb Gold's new high close.... but go ELDO
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