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

To: nspolar who wrote (22308)	11/25/2002 7:06:07 AM
From: Louis V. Lambrecht	Respond to of 36161

ns - Yeas, Dollar is key. And even if all TA points towards further downside, there are the Fed, the administration and external events (terrorism or war) which can result in unexpected moves. Same forces for any move on gold. I start to be less confident in the miners. They haven't recovered to the price level they were at the same PoG some months ago. Hopefully they just lost the speculative premium and are correctly valued now. (Which I doubt: never understood why "probable reserves" in the ground are part of the valuation as they are both probable and in the ground. Diversified miners aren't, why are PM miners?) Dunno. Btw: metal futures are rolling this week, silver front month (based on O/I) already is March (month code H), gold Dec still has a higher O/I but will roll the 27th to February (month code G).