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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: Jim McMannis who wrote (42812)10/13/1999 1:44:00 AM
From: Tunica Albuginea  Read Replies (3) of 116764
 
Jim McMannis, Naz definitely down 75+ points tomorrow with INTC leading.

POG back up to 320 in Hong Kong.

POG was nice and steady today despite the turmoil.

I get the feeling that golden shareholders are happy to sit
with what they own and wait.
They are used to waiting: 15+ years. A few days...weeks ..won't matter.

There is a certainty creeping in that this time it is different.
This is not 1996 when gold went up $350 transiently.

I think there is a real belief and proof for the belief
that things are changing.

Again, most bull markets are toppled by unpredictable events events.

I dare say that the rise of the POG to where it will threaten US$
hegemony was totally unpredicted.

Events are slowly unfolding in a predictable scenario.
Predicted for so long, but took so long to materialize
that some look at it as an out of world experience.

I try and keep my feet firmly planted in the ground and say:

this is real.

Any decline of mining shares in the next few days will represent a
once in a lifetime, 2nd chance to enter the gold market.

I intend to continue loading up the boat,

cheers,

TA

Message #42812 from Jim McMannis at Oct 12 1999 7:36PM

like down 75 on the nasdaq comp.
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