Iomega Corporation

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Monday, November 27, 2006

Gold Update

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Asia opening is seeing with slight profit taking in hands, getting prepared for various Economic Datas to be released today.
Gold is performing nicely, and is mantaining its nice 2nd wave approach, aiming to push higher crossing 642 resistance zone.
With trading in tight ranges, we shall soon see this break-out very near, confirming with USD weakness remaining in hands, and in relation to Crude Oil bullish momentum, with talks moving that OPEC is looking for 2nd cut.

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