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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Louis V. Lambrecht who wrote (14129)	7/16/2003 3:47:33 AM
From: crustyoldprospector	Read Replies (2) of 39344

Saw that QQQ max pain Mon night. The 32 puts might still be worth a punt with some lunch money this morning, but the difference is too small for me to risk it. However, if by EOD the Nasdaq isn't flying on this Intel report, then there could be some serious downdraft on Thur and Fri. Dollar looks headed to 98.2 or so. Gap to fill at 98, 62% retracement of exact move 102-92, 78% retracement of general move 100-92. So, some more down for gold, and more shake-out in the shares coming. Maybe XAU goes to 78, but I don't see anything worse than that.

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