Iomega Corporation

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Friday, July 14, 2006

Heavy Indicator today

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Dear Traders,

We have heavy indicator today

12:30 GMT Advance Retail Sales (US)
12:30 GMT Retail Sales Less Autos

Expected for Both is 0.4%

Now if data comes Higher than Expectation, it will tantmount to better chances for tightening.

And this would become favourable on short-term for Dollar, However Geopolitical scenerio would not dempen the hope for higher prices of precious metal.

However, we have a certain feeling for a little pull-back, could be Traders closing there Position before the WeekEnd.
We should see what NY Opening does, and how data comes out as.

MAIN EYE FOR ALL TRADERS :-

Await for the Indicators,
DONT PANICK

Precious Metals are Playing still in Ranges Since Asia Morning. A little Pull Back occured from 665.45 in Asia due to little profit taking and for Silver from 11.6875 to 11.5875 - Not much change.

We will also Post ASAP after release of data, of what to do Sell or Buy.

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