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

To: jimsioi who wrote (31192)	6/18/2003 10:58:15 AM
From: Ken Reidy	Read Replies (1) \| Respond to of 36161

Hi Jim, Yesterday's higher high on the HUI is encouraging. The volume was okay...I'd like to have seen more. Do you place much weight on volume in your analysis? Now, I'd like to see the XAU take out the 1/24 high of 82.89 on high volume. If we do, we should run to test the neckline of the H&S pattern on the monthly charts dating back to 1998. If we get through 90, then we are in great shape for a run back up to test the 1996 high of XAU 155.60. I would enjoy that! Do you have a position in ASA? Trading at roughly 4% discount to NAV. Was trading at 4% premium to NAV in early April. You might want to take a look.