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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (6433)	1/29/2004 12:29:50 PM
From: ild	Read Replies (2) \| Respond to of 110194

Date: Thu Jan 29 2004 11:18 trotsky (April gold contract) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved huge trading volume on this morning's plunge - this should imrpove the CoT report considerably, on the heels of a previous 30,000 contract swing as of last week's report. unfortunately today's action won't show up in tomorrow's report, but only in next week's. sill, we can infer what happened based on the OI changes that will be posted, as well as simply from that volume spike. it seems likely now that support at 390 will eventually be tested, but i'd expect the gold shares to already have turned by that time, unless this support is destined to fail. note that the 'make or break' level for the bull market as such is lower still - at about 360-370, the location of the 65-week ma which has been correctly identified by the Aden sisters as the relevant bull/bear demarcation for gold in the longer term.