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


To: Murray Grummitt who wrote (14925)6/29/2002 8:33:10 PM
From: gold$10k  Respond to of 36161
 
Murray,

My impression is that XAU is controlled by the BIG BOYZ via options and/or futures. This is why I find it to be a better indicator of both current and future direction than HUI despite its being dominated by large and hedged producers.

vt