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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (2656)	9/4/1998 12:26:00 PM
From: James Strauss	Respond to of 13094

Jim: Good observation about the increased NEM option activity last week... The Russians are now saying that Gold may be used to back the Ruble... If so, this will force them to stockpile more and sell less... that puts psychological Supply pressure on the Gold market, or at least, perceived Supply pressure... When I see all these Gold stocks showing up at once in the 3/13's, it implies a possible turn in that sector... Next, we'll see whether they become full fledged 13's by equaling their three month price highs... Jim