Iomega Corporation

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Wednesday, November 22, 2006

Gold Update

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Gold pushes back to 628 level - Support Zone as crude Oil prices start dropping, with Dollar weak as well, we are seeing slight balancing of the Gold pricing, however much corelation goes with Crude Oil Movements.
We have also seen Profit taking by few traders due to holidays in US, where many onfloor traders at Exchanges, will be leaving earlier as well.
However, Momentum is still strong for Precious Metals, and its a Solid Uptrend forming a nice Wave.

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