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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Robert Dirks who wrote (42311)	10/7/1999 12:31:00 AM
From: Rarebird	Read Replies (4) of 116788

Robert, that was a 9.65M block at the open and a few think that Malaysia Mining was the Seller. HM had bought a company called Plutonic ( I may be off on the spelling ) Resources last year and Malaysia Mining was the biggest shareholder. Furthermore, some think that Malyasia Mining was short Gold and desperately needed to raise cash. Thus, the underperformance of HM over the last 10 days. HM had over 15 Million shares traded and some see that big block as the culminating act of selling in HM. Judging by the late day comeback from being down over 7% in the first half hour of trading to unchanged, we may have witnessed a very bullish intraday reversal. Time will tell.

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