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COMMODITY INSIGHT
152 Ennis Lake Road, Ennis, Montana
(March 23, 1997)

METALS:

There is no sense in trying to be long metals this week if the Fed raises rates. However, if the Fed
raises rates and metals decline, I would then consider long positions. For now, buy (1) December COMEX gold and (1) June palladium at the market when nearby June futures trade at or below $344.50. I remain bullish.
Jerry F. Welch

Consensus National Futures and Financial On Line Index
Metals and Petroleum Index

Added to the WWW 04-14-97
Last updated on 04-14-97

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