Iomega Corporation

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Wednesday, August 02, 2006

Gold Trade key

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If gold crosses 646 level, we shall it coming to around 639
As we mentioned earlier there are 2 resistance levels lies on the floor earlier, however now we see them as support

646 level is a short term support
639/640 level is also a good support

Those who have kept there longs, its Advicable to hold it with Stop order.
Those who didnt enter yet, we advice them to get in with little amount at around 647 level, keeping Stop order, and to buy Again at Dip.

We Expect Gold/Sillver rally to grow further, due to Heavy GeoPolitical News, Crude Oil Price rallies, and Dollar weakness, and growing interests.

Its Must to keep Stop orders, As these days we see very unexpecting news which can harm the prices. Remember : Its better to grab minimal loss then rather huge losses.
Never do Panick Buying.
Good Opportunities Always flow in. Doors arent open Always, but when they are, a face is filled with smiles, remember that.

We will Advice further. Cheers.
And we sincerely Thanks to numerous trader for many e-mails and we kindly Appreciate it.

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