Iomega Corporation

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Thursday, August 03, 2006

Gold Key

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We feel gold is dropping back today to 30 Minutes - 200 MA as we mentioned earlier, Technical Prespective.
We see Crude Oil Coming down, right now, could be a reason for a Pull back in price.
It looks like Traders are buzzing to close positions, as Fed day comes near, and as talks going on, there could be a suprise by Fed.

We advice, to await for the upcoming data today.

Gold shall play in tight ranges, Making new buying opportunites.

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