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


To: Crimson Ghost who wrote (6571)1/18/2002 9:56:51 AM
From: yard_man  Read Replies (1) | Respond to of 36161
 
excellent -- GS has to be right for a few days -- thanks George -- way cool



To: Crimson Ghost who wrote (6571)1/18/2002 10:09:37 PM
From: Square_Dealings  Read Replies (1) | Respond to of 36161
 
Feb gold futures closed right on the 61.8% retrace level from the breakout of 279.30 to the high of 289.90

March silver closed right on the 61.8% retace level from the move from 4.00 to 4.77

So its possible we've seen the pull back imo.

Besides world tensions are heating up in Middle East and Pakistan/India. Enron investigation, JP Morgan derivatives pressure etc. etc.

Maybe Anglogold (with JP Morgan on the board) is shorting the hell out of gold here but one of these days they are going to get caught short in a big way like they are now and the price will explode. And not a measly $10 (3%) move either.

M.



To: Crimson Ghost who wrote (6571)1/20/2002 10:42:01 AM
From: Davy Crockett  Read Replies (1) | Respond to of 36161
 
I don't put much creedence in what Goldman Sucks downgrades or upgrades or any other house for that matter.

Consider this re the enron fiasco..."Perhaps the most laughable change was Goldman Sach's downgrade from the Recommended list to Market Performer on November 21st, with Enron trading at $5.01. Market performer? A further decline of 87% would seem to contradict Goldman's views."
cross-currents.net
biz.yahoo.com

Regards,
Peter