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

To: philv who wrote (23417)	12/13/2002 12:06:58 PM
From: longdong_63	Read Replies (1) \| Respond to of 36161

USD broke the 6 year uptrend line today....that's a very big change for gold.

To: philv who wrote (23417)	12/13/2002 1:06:42 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

Analyst Greg Weldon has become more bullish on gold and silver since we last spoke to him, writing this week that "with all countries seeking, and needing, even marginal monetary stimulus, including currency depreciation, investors are increasingly pursuing a vehicle of wealth storage that does not rely on a paper IOU issued by a central bank. Welcome gold and silver, as monetary metals." He also notes some positive technical developments in Placer Dome and Newmont Mining, adding that a break above $11 in the former would be even more promising... yesterday the stock did briefly go above that level. Weldon is the superstar whom John Mauldin often cites / jim