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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: Lalit Jain who wrote (39338)	8/21/1999 1:28:00 AM
From: PaulM	Read Replies (1) of 116814

Lalit, that article is a bit shocking if the newspaper is anywhere near mainstream. In particular, this quote: "Some analysts believe the quantity of gold on paper doesn't exist at all. That is, if everyone who "owned" gold tried to cash it in, the market would suffer a major crisis." I think "physical premiums" are about to rise. (And query: if "physical gold" trades at a premium, just what exactly is traded on the Comex?)

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