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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (2706)	1/16/2003 9:54:44 PM
From: 4figureau	Read Replies (1) \| Respond to of 5423

Gold May Yet Test $360 Today -ABN Amro Contact Us: 644-471 5990, wellington@dowjones.com 1335 [Dow Jones] Though currently lower on profit-taking, spot gold could reverse and test $360 later today if follow-through buying emerges in U.S., especially those covering shorts ahead of 3-day U.S. weekend, says ABN Amro head of precious metals trade Charles Dowsett. But doesn't expect much upside beyond there as overnight surge means U.S. funds have gotten longer (already 6.36 million ounces net long as of Jan. 7); gold needs "healthy correction." (WCP) Gold Slips; Mkt Prefers Staying Long Contact Us: Sydney 61-2-8235-2950; djnews.sydney@dowjones.com 1046 [Dow Jones] Spot gold slips as US$7.15 surge overnight to US$358/oz entices longs to take profit, says Sydney-based trader; more profit-taking by Singapore, HK fabricators/retailers could surface. But selling likely tame as market prefers to stay long amid rising U.S.-Iraq tensions, long U.S. weekend. Pegs US$355-US$360 range in Asian session. Spot gold last at US$357.63, down 37 cents vs late NY. (WCP) sg.biz.yahoo.com