Iomega Corporation

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Wednesday, October 11, 2006

Gold Update

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Gold is holding very nicely for way long.
If we see in past, a Long sideways trading, sometimes makes the prices pull down and capture back again to push above resistance.
However, 570 looks holding the gold very nicely.
580 level is the resistance zone, Clearing that gives a good picture for a push Ahead.
However Crude Oil falling below $60, keeps the precious metals in side for the moment.
Traders await minutes of Sep 20 FOMC meeting.
Trade in Discipline, with good Stop orders, and Profit orders.

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