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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (24536)	1/16/2003 2:30:34 PM
From: Softechie	Respond to of 30712

2:29 (Dow Jones) The apparent increasing likelihood of a war with Iraq is key to spot gold's leap of about $7 on the day to session highs around $359 per ounce earlier. Gold continues to build in a war premium, at the same time drawing added cheer from its inverse correlation with the dollar, a continued bearish tone in stock markets and high volatility in many global asset markets, says Jordan Kotick, technical strategist with JP Morgan in New York. Spot gold now bid at $357.75. Over the very short term its climb may have been overdone, but Kotick says gold has potential to target the $400 mark. (JNP)