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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: Braincramp who wrote (37045)	7/12/1999 12:06:00 PM
From: Ken Benes	Read Replies (1) of 116790

Gold down 2.00 after a weekend of dramatic revelations. Guys, the market could care less. If the manipulation of gold provides a lot of additional liquidity to the market to prop up equity prices, the guy on the street will start announcing that he is divesting his personal gold hoard in his wifes jewelry box. Do you think the bullion banks, cb's care about the third wall countries hard currencies problems. They will not loose one second of sleep thinking about their plight. What they will worry about is the condition of their portfolios, which in large part depends on gold remaining in the dumps. Keep going GATA, in a couple of years, you guys may be on the corner of 42nd & 8th predicting the price of gold has fallen as far as it can go. Ken

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