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

To: Canuck Dave who wrote (21130)11/1/2002 10:15:20 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 36161
 
I think the lack of buying in golds is related to the Fed cut. There are probably a number of buyers who expect the market to move smartly higher if/when we get a rate cut and for gold to drop. Also gold has moved steadily higher the past few days and most buyers don't like to chase.

Any bounce from a Fed rate cut at this point should be short lived.

Sold the last of my EP today to raise more cash.


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