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Gold/Mining/Energy : Gold Price Monitor

GDXJ 147.31

+2.1%

Jan 27 4:00 PM EST

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To: Claude Cormier who wrote (40974)	9/27/1999 1:39:00 AM
From: goldsheet	Read Replies (1) of 116927

> Gold is up 6% now.... a move of 18% in gold stocks and the XAU > tomorrow would be perfectly normal Overall I agree. A few minor comments: A 6% move in gold might be good for as much as a 22.5% move in gold (using historical average AU/XAU ratio of 3.75) Last week, however, I did notice the 5% weekly move in bullion was only good for a 12% move in the XAU. The large cap stocks have held up pretty well, so they don't seem to be moving up as fast percentage-wise. As you previously mentioned, the money went into smaller cap golds last week, and they will probably attract additional good inflows on Monday.

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