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COMMODITY INSIGHT
152 Ennis Lake Road,
Ennis, Montana
(June 29, 1997) METALS: The gold and silver markets should turn higher very quickly early this coming week. And since I am basically a bull towards both markets, longs should be attempted at this time. Therefore, buy (1) September silver at $4.73 or lower. On Friday, September silver closed at $4721.50. Also, buy (1) December gold when trades at $344.00 or higher. Gold closed Friday at $340.80 I am basically suggesting that longs be established in silver right away and in gold the next time it rallies a bit. Though this is a very aggressive strategy, my work shows gold and silver bottoming and then rising quickly within the next 1 to 5 trading days.
Jerry F. Welch
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