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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.28

+3.8%

Nov 28 4:00 PM EST

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To: Ken Benes who wrote (37043)	7/12/1999 11:46:00 AM
From: Braincramp	Read Replies (1) of 116790

I agree with you on the producer issue; The price of gold is going to continue to decline. The reason I say this that the major producers are not closing out their hedges. By not doing this they are showing a lack of confidence in the market. As for me I would like to see the price of gold rise as much as everyone else, how ever unless the market gets a vote of confidence it can only go down.

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