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

To: isopatch who wrote (16905)	8/6/2002 1:22:58 PM
From: Yogizuna	Read Replies (2) \| Respond to of 36161

Yes, the buy signal on gold and the gold stocks appears a bit shaky at this point. The hourly XAU chart went to a sell signal at 11am yesterday, and is currently attempting to hold on to some rising trend line support.... And I see that gold is struggling a bit today also. On the other hand, a rally in the stock market to near Dow 9300 appears to be solidly in place now, as the shorts run for cover. I may consider going short or adding puts again once we break through Dow 9000, but will have to look at it more closely if and when it happens.