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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

4:00 PM EST

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To: John Hunt who wrote (35034)	6/9/1999 2:18:00 PM
From: Ken Benes	Read Replies (1) of 116762

Rumors, rumors, rumors, this is what the gold market has been reduced too. Rumors have replaced calamitous events as the fodder for the gold bug. If the rumors are behind the decline in the gold price, dump the stocks. Drive the share price of barrick and the major producers down into single digits and watch what will happen. At some point they would stop being the retailing arm of the bankers and gold might recover. Ken

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