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Message: Re: Rank of mailroom
1
Jun 29, 2010 08:37AM
1
Jun 29, 2010 06:31PM

Yeah hog, an ugly day, and maybe the rest of this week. China,s #,s were disappointing but gold did come back as I expected. This whole economy thing still didnt burst in my opinion, and there are only gonna be a handfull of equities that will hold up when it does. I hope we are one of them. The POG may rise but this doesnt mean the related equities will in this type of market . It would be nice to get as much speculation out of sli promptly.Looked like some panic selling in sli today which presented a buying opportunity but I coudnt join in the bargain buying. I am always suspicious of any market moving news (the china thing) and try to figure out what is the real intent. The POG seemed to come back after the golman sachs thing about manipulation. Support for our sp did start to materialize when we got to 1.19 (i think), i beleive the smart guys with a little cash were just seeing how low we would go before they stepped in.

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