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Gold/Mining/Energy : Gold Price Monitor
GDXJ 110.89+1.8%Dec 10 4:00 PM EST

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To: d:oug who wrote (39791)8/30/1999 9:13:00 PM
From: Winzer  Read Replies (2) of 116810
 
Did Someone say margin call! Wouldn't it be nice for the CB's to hit GS and company with a massive margin call. With thanks to the Cafe:

<<Speaking of being on a roll, Peabody is doing it again.
Bank of America (a Hemingway Table Peabody sell feature) was
hit hard today on heavy volume and the bank index was
down about 4%. Long time Café followers know that
Charles is calling for a "banking stock crash" of sorts.

If the bank stocks go down hard, can the rest of the
overvalued market be far behind? When the banks go,
can it belong before the central banks start recalling
some of their gold loans in earnest? As that happens,
the price of gold will take off as that the supply from
those gold loans is the only way the "Hannibal Cannibal"
crowd can keep the gold price for taking off. Keep in
mind, the monthly gold supply/demand deficit is running
about 180 tonnes per month now.

<A HREF="http://www.lemetropolecafe.com/scripts/products.cfm">Le Metropole Café</A>

Winzer
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