Win Lose or Draw : Be A Steve, Make A Call Message Board

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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call

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To: Softechie who wrote (7122)	3/19/2003 2:31:58 AM
From: LTK007	of 11447

learn something everyday, here's a good rule of thumb. <<One of a number of ingenious arguments Turk adduces: "Generally speaking, when the XAU costs over 10gg [grams of gold], the XAU is expensive relative to gold and should be sold. Also, when the XAU costs less than 6gg the XAU is cheap and should be bought. Today, the cost on the XAU close was 5.71 gg..." But, Turk notes, this is not quite as cheap as it was in October 2000, when he gave a buy signal. Although it was pretty darn close. He adds "a word of caution...don't 'bet the ranch'.">>

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