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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: long-gone who wrote (36525)	7/5/1999 7:08:00 AM
From: John Hunt	Read Replies (1) of 116753

Gold auction sparks theories of conspiracy << The gold price has been dithering around $260 an ounce for the last three weeks. And some analysts, such as Michael Coulson of Paribas, believe the auction will spark a sharp rally of "at least $15 an ounce". But Tony Warwick-Ching, of Virtual Metals Research, said it was just as likely that the auction would lead to "a swift price correction as investors take profits and producers snatch at the chance to rebuild hedge books". >> ft.com ***** Morning Richard, I guess you pay your money and take your chance. Have a great one. John PS - Canadian stock markets are open today ... Will be interesting to see if gold stocks drift higher.

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