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Gold/Mining/Energy : At a bottom now for gold?

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To: Vieserre who wrote (1503)8/5/1998 7:53:00 PM
From: Vieserre  Read Replies (1) of 1911
 
Keep your seat belt on:

On Wednesday, CIBC Oppenheimer Corp analyst Thomas McNamara said gold prices could rise to $350.00 an ounce by November. ''Once gold passes the psychological price barrier of $320, it will rise very quickly to $350,'' McNamara told Reuters in Kalgoorlie, Australia. McNamara said he expected clarification in the next two months from the newly formed European Central Bank (ECB) over how member banks in the European Union would manage gold assets. "We expect this clarification around September or October," McNamara said.
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