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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: BGraham who wrote (4656)3/23/1997 8:47:00 PM
From: Larry Brubaker   of 35569
 
Gordon, Not sure when the Fed Open Markets Cmte meets but I believe it is soon. IMO, an interest rate hike is a positive for precious metals stocks, because interest rates are hiked because of a perceived threat of inflation. What is the traditional hedge against inflation? Precious metals.

I also think the dessert dirt damage last week was due to a couple of factors, but not because of a possible interest rate hike. First, they have all had nice runups in the past few weeks. Second, the Delgratia and Bre X fiascos, and third, our friends the shorties.
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