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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?


To: moufassa7 who wrote (12754)4/16/2003 5:02:49 PM
From: James C. Mc Gowan  Read Replies (1) | Respond to of 13660
 
Agreed. Also, I reserve the right to buy Gold again, if it FINALLY breaks up with a print of $HUI @ 128. But taking quicky profits in the current tight trading range is ok too.

My instincts are telling me it will take some 'exogenous event' to help Gold break out of this range. Maybe SARS, I hope not. Some stocks, like QCOM, that have a big stake in the Orient, are showing bearish patterns.

Mouf, what do you make of the current low Vix levels?
These indicators don't seem in tune with price action anymore. Not much downside in Vix to work with, for the bulls. Lots of upside on Vix for the bears. BWDIK.

James
Edit: I like RGLD, HL, GSS