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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.34

+3.7%

Jan 5 4:00 PM EST

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To: Abner Hosmer who wrote (5784)	1/13/1998 7:17:00 PM
From: Abner Hosmer	of 116842

''Silver broke down on all sorts of talk about legal action against alleged manipulators of the silver market,'' said Dinsa Mehta, Chase Manhattan Bank's managing director for global commodities. ''But it's difficult to separate fact from fiction,'' Mehta added. ''To file suit you have to be able to prove damages, and you can't prove damage just because the market went against your position,'' he said. ''I was asked by a group of people planning a class action suit to be an expert witness, but I declined to become involved,'' Martin Armstrong, director of Princeton Economics Institute, told Reuters. ''I told them I agreed something was going on in the silver market, and that the market has known about it for months,'' Armstrong said. ''You can't hide an elephant under a rock.'' biz.yahoo.com

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