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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (28419)10/5/1999 1:22:00 PM
From: Joss  Read Replies (1) | Respond to of 99985
 
BB,

i took profits on my trading gold shares this morning

I did the same thing when i got word that the futures hit 340/oz. You realize that this insures that gold will now rocket to 500/oz <g>

Steve



To: bobby beara who wrote (28419)10/5/1999 2:55:00 PM
From: j.o.  Read Replies (1) | Respond to of 99985
 
Hi bb. Yep - gold did another flashy move over 335 this morning and could't hold it again. Looks like two spiky failed attempts to breach resistance. Have to try it from the short side here. and see what happens.

I wonder how many people are going to lose their jobs over this move in gold? The recent price action has hedge fund job losses written all over it. Not everyone was long the yellow metal, despite what one hears. <gggg>

j.o.
indextrade.com



To: bobby beara who wrote (28419)10/6/1999 9:03:00 AM
From: kimberley  Respond to of 99985
 
bb, thanks. i sold one i had bought for trading last week, but bought another one i liked (which is most certainly going to be underwater today!). haven't touched my core positions, though... agree the trend is still up. none of my stocks are xau components, so i didn't see any big movements in mine yesterday... fingers crossed today will be the same!<g>

best,
kim