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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Fitz who wrote (37342)	7/21/1999 12:23:00 AM
From: Hawkmoon	Read Replies (3) of 116764

Fitz, I know Richard may mean well and believe what he's saying, but I would also pay some heed to opposing opinions such as Hutch's and Tom Byron. Message 10574383 And pay special attention to the XAU chart. decisionpoint.com Get a strong close above 60 and you might be seeing the beginning of a trend reversal Note that at this period last year, the XAU hit 48 during the same period the Dow was correcting so hard. Tom and I expect a repeat of this scenario, minus another LTCM style liquidity crisis. When economies are contracting, as they do after a market crash, people want cash, not stocks or physical assets. Now when the Fed loosens the money supply, THEN you can look at gold as a hedge against this added liquidity. Just my thoughts.. Good luck. Regards, Ron

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