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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)
AEM 214.54+0.4%Jan 23 9:30 AM EST
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To: Yogizuna who wrote (279)7/1/1999 2:04:00 PM
From: Robert J Mullenbach  Read Replies (2) of 1612
 
Looks like just a matter of time.

goldminingoutlook.com

>

THOUGHT OF THE DAY: The U.S. Federal Reserve decided to raise the federal funds rate by 0.25%, while
leaving the discount rate unchanged, and adopting a neutral bias instead of its previous tightening bias. This means
that the Fed is being quite tame in its inflation-fighting effort, which is certain to lead to increased inflation over the
next few years. With momentum readings for gold turning positive and short sellers moving close to key chart bailout
points, at the same time that commodities are showing critical bullish signs (see more on commodities below), gold is
set for a major upward price spike.



NOT BAD FOR A DEAD INVESTMENT: The XAU rose by more than 18% from March 30 to June 30. To those
who ask me why I keep recommending purchase of these shares before rather than after gold has confirmed a
bottom: observe that historically it is almost always significantly more expensive to purchase them on the upswing at
the identical price for the yellow metal. In general, the equity market rewards those who get in early and get out
early; this is one of the rare points on which gold share and internet share traders would agree!

I got my start in this one in the early 70's.

and never have been sorry yet.

happy dreams.

p s. your 10 might be very low. if the reality changes.

Paul would be proud of us, loyal supporters of AEM at a 20 year low in gold.
Do you have the book, he sent stockholders.?

'Silver threads among the gold " it is a great read.!!!
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