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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: At_The_Ask who wrote (219433)2/7/2003 2:01:51 AM
From: B.REVERE  Read Replies (1) of 436258
 
Trader at the Tocom on the gold pattern:

Helping gold recover were Bush's comments that he would welcome a new U.N. resolution authorizing war on Iraq. "As in the previous Gulf war (in 1991), it's highly possible gold prices could plunge just after the start of a war," said Ha Sang-soon, head of asset management at ACE Koeki Co. Ltd. in Tokyo.

"But there is one difference this time. When the last war broke out, most commodities including gold had already peaked and were on a long-term bear trend. This time they have already hit bottom and are in long-term recovery mode."
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