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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.19

-1.4%

4:00 PM EST

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To: Rarebird who wrote (77155)	9/23/2001 3:45:03 PM
From: Tommaso	of 116844

I had to go back about 100 posts to get to one that discussed the price of gold. And then I found I had already replied to that one. Rarebird, I hope you are right, especially in the short term, about the price of gold. I was a little rattled at the open on Friday and put in a second order for some calls on the XAU without making completely sure that my previous order had been canceled. A few minutes later I found myself with a huge position, and decided to stick with it which decision, by the end of the day, I regretted. I made a lot of people angry and got kicked off of one thread because of my longer term bearish view of gold, which is that a higher price will inevitably stimulate more production. Apparently to say this has the same effect on some gold investors as saying to a Baptist, "Sure, I'll join your church, but just for the time being. Next year I am planning to be a Catholic." <g>

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