Iomega Corporation

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Tuesday, July 11, 2006

Gold and Silver for over 4-5 Hours is StandStill

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For Over 4-5 Hours gold is playing in the range

639 - 642.
And there is no such movement occuring.

This tells, traders are awaiting for the Economic Data today

However, We have Closed half of Our Short sell position which we sold at 641.5 at 640.40

We have kept Half of our Position Opened with a Stop order at 646 Still

We will wait for the Economic Data, And i will then Immidiately Post out here.

Meaning "B" as Buy or "S" Sell.

Cause after this Economic Data release, there will be good movements in currencies, will lead of Weak or Strong USD, depending on the data, and drive the Gold/Silver that direction.

Currently Asia/Europe looks stand - still
No such movements occuring.

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