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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

Dec 4 4:00 PM EST

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To: robnhood who wrote (9031)	3/29/1998 7:04:00 PM
From: Bruce McGaughey	Read Replies (1) of 116795

"I assume it was done this way so as to prevent anyone else from hopping on board. The pattern of trading on Friday also suggested large accumulation. Large buying would come in and drive the prices up 1/4 or 3/8, and then a 1/2 to 3/4 hour pause while they backfilled a little, and then boom, again a surge of buying would come in. russell Very interesting, Russell. It's my contention that when the metals move, they will move BIG. I think we saw that on Thurs and Fri. Hope it continues next week. If you want some darn good reading, look at this from "The Privateer". (If you poke around a bit, you'll see some really neat graphs, too.) the-privateer.com

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