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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.19

-1.4%

Jan 7 4:00 PM EST

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To: Bobby Yellin who wrote (3227)	11/17/1997 9:09:00 AM
From: Ron Schier	of 116844

Bobby : It cost to much to build new commercial real estate. The current stock of commercial real estate is a least 35% cheaper to buy than to build new ones. The glut of commerciial buildings from the 1980's is finially being rented at higher rents & remortaged at cheaper interest rates. In 1994/95 commercial real estate hit bottom [ie down 80%]. Even retail stores are doing better, along with office space. (I also own gold stocks, & need-less-say they are still getting filled with lead, & they the shooting hasn't stopped yet.) Ron

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