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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2708)	10/12/2001 4:47:45 PM
From: isopatch	Read Replies (3) \| Respond to of 36161

Hi John. Yes. Been using rate and COT trends in conjunction with some other tools that are still "in the oven"<g>. But even though the approach is in it's "shake down cruise" have already been getting better results from it than I was from TA oscillators. Lease rates have gone up some the past 2 days kitco.com And COTs (as of Tuesdays close) show a small drop in Commercials gold net short position kitco.com The improvement in lease rates tells me they have probably reduced that net short count a bit more. Also If there's more terror over the weekend into Monday, then gold could move up further before it has to challenge the chart resistance levels I posted this morning to my friend, Peter Svenlar: <Overnight gold already has bounced off the $280 level. Initial target very very ST looks like $285 area to close the gap on the daily. quotes.ino.com. quotes.ino.com Hourly looks a little better with an ascending triangle pointing to at least a pop up to the hi 286s. quotes.ino.com Either way, am going to wait to see if she rolls over - as I expect - to give us a C wave down into the 270s. But we are in a news/event driven market. So another big terror attack and..... That's one of the reasons I like the domestic security stocks more than the golds or the patch plays right now. They are extremely volatile, but the LT potential there has fewer uncertainties than any other sector IMHO.> Speaking of which. Added more VSNX yesterday (on the dip @ 12.81) making it my largest portfolio position. And today, sold small RGR position for a a nice short term gain. That brings portfolio cash up to 67% vs about 30-35% 10 days ago. How are you positioned in the markets right now, John? TIA. Best regards, Isopatch