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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.88+0.9%4:00 PM EST
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To: Zardoz who wrote (41715)10/1/1999 9:58:00 PM
From: goldsnow  Read Replies (1) of 116762
 
Even if the price of gold does not continue higher, gold mining stocks are likely to rise, market watchers say. Michael E. Martin, a broker specializing in gold mining stocks with New York-based Sinclair Group, estimates the market cap of all gold mining companies at about $50 billion. He says he thinks that could rise by as much as about 50% over the next year.
Even if the price of gold does not continue higher, gold mining stocks are likely to rise, market watchers say. Michael E. Martin, a broker specializing in gold mining stocks with New York-based Sinclair Group, estimates the market cap of all gold mining companies at about $50 billion. He says he thinks that could rise by as much as about 50% over the next year.
forbes.com
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