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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

Nov 19 4:00 PM EST

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To: Crimson Ghost who wrote (41302)	9/28/1999 12:51:00 PM
From: goldsheet	Read Replies (4) of 116762

> Gold up $22 but gold stock indexes up only 4-5%. Gold stock > investors obviously expecting a sharp pullback in POG. But if we > don't get it, gold stocks could soar again later in the day. That's the one big divergence I noticed today. Stocks usually move at 3.75 times bullion. Last week when gold was up 5%, the XAU was up 12% On Monday, we had bullion up 6%, XAU up 21.1% (3.5x) Today, gold is up another 6.5%, XAU is up only 2.2% - lagging.

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