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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Baba 2 who wrote (36673)	7/6/1999 2:03:00 PM
From: The Barracuda™	Read Replies (1) of 116753

With lease rates sky rocketing like they are it means that the metals are going to move-big time. Unfortunately, after today's action, I think the move will be down. I was hoping that the rise in silvers' and the PGM's lease rates meant that gold's lease rate rise portended a rise in the gold price, but it seems not. The rise in lease rates can be due to someone borrowing the metals to sell them, or taking possession of the metals to posses them. Today's action I think tells the tale.

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