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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Thomas F. O'Connor who wrote (41827)	10/1/1999 9:29:00 PM
From: goldsnow	Read Replies (1) of 116756

There is no "benig" explanation for CB's action....concern for collapse of African economies (already decimated) with South Africa on the brink of possible unrest, Serious row with Washington over so called "Strong Dollar"-read "Weak Euro", or concern about China buying all Gold....or Swiss pulling a rug under Euro....does not matter none of the above is good for US $....the war was declared at the most opportune moment with USA asleep and paralysed by upcoming elections...Richard Harmon's of the USA would tear apart any candidate that would propose to decimate mining industry as IMF Gold selling fiasco vividly demonstrated....Hutch alluded that not only European CB"s hold Gold IMO that is even worse for bears....stronger case for POG to explode..

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