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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (10626)	12/18/2002 10:41:21 AM
From: stockman_scott	Respond to of 89467

Gold gaining, but under $340 marketwatch.com <<...On Tuesday, gold prices traded as high as $343 an ounce, their highest level since June 1997. But they eased back from the highs after the White House commented that it was committed to a strong dollar policy. "Many participants are nervous of the steepness of (Tuesday's) rally, as gold is up roughly 25 percent on the year," said Charles Nedoss, an analyst at Peak Trading Group. The market has also started to "see producer and institutional selling and a lack of physical demand at these elevated levels as India and Asia are only buying hand to mouth," he said. For the time being, concerns related to the possibility of war between the U.S. and Iraq over weapons inspections, as well as North Korea's plan to restart its nuclear weapons program, the value of the U.S. dollar and equity markets "need to be monitored as these are the driving forces behind this market," Nedoss said. "The market is extremely long and nervous as we near the holidays and volume starts to thin out which could exaggerate moves in either direction," he added...>>