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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

Dec 8 4:00 PM EST

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To: long-gone who wrote (41726)	10/1/1999 8:01:00 AM
From: Robert Dirks	Read Replies (2) of 116798

The "Media" has been nailed hard by this unexpected announcement by the ECB and the Gold rally. I think payback time is near, where these "price targets" by anal - ists will be broken, shattered, and otherwise humiliated. The various elements are all lined up such as rediculous short positions (they are still there), Broken hedge funds, Y2K, overvalued stocks, ECB position and the fact that Joe Public has as much Gold in his possession as the ring on his finger. IMO, All these facts will conspire to create a breakout this year to surprising levels. As I said before, I think we are headed to $400. + . Imagine the shorts never even expected a modest $15. rally. How about a $150. rally over a few months? There are and will be many casualties on the short side.

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