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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: goldsnow who wrote (42455)	10/8/1999 10:43:00 AM
From: Ken Benes	Read Replies (3) of 116764

Goldsnow: The nasdaq small caps are bad, however, Vancover is as bad or worse. What most investors in the junior golds in Vancover do not know is that in any run up in price, the holders of private placement stock purchased for pennies or given away in lieu of compensation is ready to hit the market during any rallies. When the private placement stock is sold, the small investor looking to make a killing requires a greater fool to sell his stock. The price implodes, the insiders make a killing, the motherlode deposit evaporates in a lot of geologic jargon that ultimately means that either there is no gold, or the gold is non economic. Quality junior will double your money or better, in a much more liquid market. Unless you are an insider with private placement stock, steer clear of the Vancover market. Ken

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