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Gold/Mining/Energy : Gold Price Monitor

GDXJ 142.13

+5.5%

Jan 22 4:00 PM EST

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To: long-gone who wrote (39069)	8/16/1999 6:39:00 PM
From: Rarebird	Read Replies (1) of 116900

Talk About Central Bank Gold Sales: Another Opinion. KAPLAN'S CORNER: Question: How is all the talk about central bank gold sales going to eventually wind up? Answer: This situation is similar to that of the general stock market in the early 1980s, when it was assumed that stock mutual fund liquidations from pension funds and individuals could theoretically continue for a decade or more, thereby suppressing any stock market rally regardless of the fundamentals. Eventually the stock market rose enough to gradually ameliorate these fears, until the great bull market of the mid-1980s dispelled them altogether. Similarly, it will take a gold rally to slowly assuage the concerns over central bank sales; once gold has been moving higher for an extended period of time and is seen as one of the few investments appreciating in value in an equity bear market, no one will care about the central banks any more. goldminingoutlook.com

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