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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: John Paquet who wrote (41882)10/3/1999 12:17:00 PM
From: goldsnow  Read Replies (2) of 116759
 
No Action Seen
``The FOMC is on hold,' said Chris Low, an economist at
First Tennessee Capital Markets in New York. ``They cannot put
themselves in a position where they might be held responsible for
a stock market collapse.'

Yet, policy-makers could warn investors against discounting
a rate increase later this year. ``With manufacturing red hot and
no sign of consumption slowing down, a bias toward tightening
seems inevitable,' Low said.
quote.bloomberg.com
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