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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: Alex who wrote (42983)	10/14/1999 10:08:00 PM
From: goldsnow	Read Replies (3) of 116762

Futures Plunge Following Greenspan's comments, U.S. stock index futures plunged in after-hours trading. December futures on the Standard & Poor's 500 Index fell 15.00 points to 1275.00. That's about 1.4 percent below ``fair value,' taking into account dividends, the cost of money and days till expiration. Dow futures shed 61 to 10,250. Nasdaq futures fell 34.50 to 2460.00. ``Greenspan knocked down' the dollar and stocks, said Kenichi Hayashi, a foreign exchange manager at Industrial Bank of Japan Ltd. ``People had thought U.S. stocks would stabilize today. The dollar could fall further due to Greenspan's warnings.' quote.bloomberg.com

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