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(October 29, 1999) METALS: COPPER--The bullish GDP figures are providing support for copper as well as strike threats from Chilean dock workers at Iquique. Prices are in a broad whipsaw from about 64 to 74 cents since late June. Intermediate cycles are down with long-term ones up, creating this whippiness.

GOLD AND SILVER--Gold and silver both have all cycles, except short-term ones, pointing up, leading cyclical analysts to call the recent decline a technical correction. Funds appear ready to be buyers again as do producers at these corrected price levels.

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