Iomega Corporation

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Friday, October 13, 2006

Gold Update

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Gold pushing higher above 580.
Trading at 582 right now.
As we mentioned earlier, watch for Crude Oil, if we see it moving higher, Precious metals will follow the Lead.
London Brent Crude jumped $1 to $59.76/bbl on supply shutdowns in Norway.

Gold should clear 584/585 level, to push higher. However it appears we could see Push upwards today, with NY traders could give a push.

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