KEEP IT SIMPLE TRADING Message Board

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Strategies & Market Trends : KEEP IT SIMPLE TRADING

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To: mistermj who wrote (253)	3/8/2004 12:24:24 AM
From: Skeet Shipman	Read Replies (1) of 321

Hi mjfdl, Thank you for the time you spend and your picks, most have done well. On gold I, however, differ with the inference it is at the present a good investment. Gold is tied to oil prices and inversely to the value of the dollar. Short term: Oil industry stockpiles are higher than inticated by government reports since the shift of refineries to producing heating oil reclassified some stockpiles. The winter heating oil demand has been low. The refineries are shifting production back to gasoline. Iraq oil shipments will increase this summer. The US dollar has found a trading range. Therefore, I view gold has at least an equal risk of going lower this year. IMHO Skeet

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