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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (774)	7/30/2003 7:45:05 AM
From: Louis V. Lambrecht	Read Replies (1) of 48092

Wade, the "blimp" of the Dollar on a longer term chart must not be taken lightly IMHO. Technically, Friday printed a higher low, and since March this year, I leaarned to take higher lows more carefully. Only a clear break below June 16th would confirm the bearish trend. Bonds are nearing a congestion of supports. Does not mean they will rebound. Bands and channels are true only until broken. And there are some other oddities (I could join Jim Sinclair on these). July 22, Euro broke a first resistance @ 1.13, conveniently the news came out of the killing of Saddam's sons. Didn't work because that spoiler of Stephen Roach published his second "weekly" commentary of the week, telling he turned bearish on bonds. Euro ran towards next resistance 1.15 lvlamb.itgo.com Geez! We need a second attempt, rumors of SH to be killed. lvlamb.itgo.com By writing, gold is below 360, Euro keeps falling. Can be "liquidation of long positions" on the London market. Dispite all my efforts, I never succeeded to find reliable data on the London futures and options market for gold. I presume these futures follow the same rules as the other in the UK and that the standard contract is the 3-month, hence, we have futures and options liquidating at the end of each month. If anyone can help.

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