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


To: Frank Pembleton who wrote (16655)7/30/2002 9:34:49 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 36161
 
Told you I always bail out at the exact bottom.
But the GS upgrade has helped.
Isn't GS the private broker of the Fed?
My! My! <g>



To: Frank Pembleton who wrote (16655)7/30/2002 10:30:40 AM
From: Edmond Katonica  Read Replies (1) | Respond to of 36161
 
Frank

There was a bombing in Israel this morning , Gold jump a buck right off



To: Frank Pembleton who wrote (16655)7/30/2002 11:27:17 AM
From: Jim Willie CB  Respond to of 36161
 
TanRange's Sinclair declares gold range to be #305 to #330

he claims the hedgers will control the end points
he makes a great argument regarding "Program Controls"
they buy curiously when near #305
they sell obviously when near #330

he expect gold to approach #330 in August again
but he expects it to be rebuffed again
he suggests selling 1/3 of shares then
and rebuying them near #305
but in autumn, he expects a rise to #350 toward endofyr
BRING IT ON

if I infer properly, their curious buying has to do with actual production cashflow requirements

and their obvious selling has to do with avoiding hedgebook blowup

my Pakistani colleague says the Monsoons are in full tilt in Indian and Pakistan
they are due to end in a couple weeks
and Indian gold buying will accelerate
I no longer attribute any huge importance to monsoon's being late or not
/ jim