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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

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Nov 18 4:00 PM EST

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To: Benkea who wrote (23293)	8/18/1999 2:07:00 PM
From: James Strauss	Read Replies (1) of 99985

"Three times previously this year gold has run up 10-20 dollars over a few weeks and then hit new lows in the next few days. Don't be fooled!" Good points... We are still in a deflationary environment which is bad for hard assets... The only change is that mining companies have lowered the cost of extracting gold/silver... As such, they can be profitable at today's lower metal's prices... Jim

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