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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.68

+0.4%

Jan 14 4:00 PM EST

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To: d:oug who wrote (38974)	8/14/1999 12:45:00 AM
From: teevee	Read Replies (5) of 116856

Doug, the POG is headed much lower for one stark market(supply demand) reason....the central banks are sitting on the equivilent of 50 years new mine production and they want to sell it.....an orderly sales program means that they maximize the average price obtained.....gold is just another commodity and evidently there is a large supply overhanging the market:-))..... regards, teevee

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