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

To: Frank Pembleton who wrote (17006)	8/7/2002 12:15:59 PM
From: 4figureau	Read Replies (1) \| Respond to of 36161

Hi Frank: JPM said today that AU had put in a base at $305, and would be hard to penetrate 315 (g)...not that they would have anything to do with the resistance :) Yesterday AurionGold said it plans to lower their hedge, and NEM plans to accelerate their closure. Floor rumours are guessing that may of happened today as well. Also, the one new bit of interest from NEM is their meetings with the WGC where they are working on a "new gold investment product that could take up 500-1000t of gold annually." I wonder what that is all about. Indeed Lassonde is bullish on 350 gold. Depression era interest rates will no doubt help the POG. I read somewhere that gold ran up 90% back then.