Iomega Corporation

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Friday, August 11, 2006

Strong data - 636 Level kick for gold

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Strong data makes price 636 level right now.
We dont expect gold to go below 634 or Far chance 630.
As it will create a Heavy Bearish Divergence.
Gold has been trader for over around 2 Weeks at the same level range.
Very Little Liquidty in the market these days, due to most of the traders are still at side lines, who have made a mind to enter at 660 levels and such.
Many traders arent trading, who are in Vacations, enjoying the hard earned profits.

We could expect the same tight ranges this August, a very slow paced movements, Up and down the usual game.

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