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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (471)	8/24/2005 8:43:59 AM
From: Frank Pembleton	Read Replies (2) of 50650

Slider... I'm not so sure gold should be played as something that leads or lags anything-- you're painting broad strokes here by making these kind generalisations ... the market moves too fast for that kind of thinking. Let me ask you this, is gold a commodity or is it a currency in your mind...? Should it not be played independently from everything else...? By the way, I think your 190 target is plausible, but don't get too torquey with your short positions because when it does hit your target, it'll hit it in slow-mo while you're being stopped out because of the volatility. There's no trend strength (in either direction), and the volume is non-existant-- IMO, smart money is not selling. If nothing else gold stocks are a "hold."

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