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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: Don Green who wrote (35241)	6/12/1999 1:52:00 PM
From: PaulM	Read Replies (2) of 116836

All markets are manipulated and always have been. Gold has never traded freely or un-politically so I'm not sure why now should be any different. Nor do I see why gold longs complain or are surprised. The major industrialized nations control about half their GNP's in tax revenues; have set up central banks that can appropriate effectively unlimited wealth in any given market; and own the world's largest gold hoards (usually as a result of confiscation). A bet on gold is a bet on loss of control, which I seen plenty of evidence of as of late, despite the price. Happily sitting on physical.... Good Luck.

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