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THE WINDY CITY TRADER

P.O. Box 1673, Chicago, Illinois

(August 19, 1997) METALS: Precious metals are finally showing a pulse. December gold rallied to 333 before dropping back. September silver finally rallied through $4.55. A dip to $4.40 could be a decent buying opportunity. Recent stock market weakness may finally shake gold out of its doldrums. Since gold options are fairly priced, we will continue to recommend to buy those. A move over $334 basis December futures should accelerate this move.

Stephen Connell and William Frejlich

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

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Last updated on 08-23-97

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