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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Robert Dirks who wrote (43338)	10/19/1999 9:17:00 AM
From: Ken Benes	Read Replies (1) of 116753

This rally is teetering. What happened to the enormous amount of December 390 calls, the huge uncoverableable short position, and the agreement to limit production by the producers. The tactics have changed, but the manipulation continues. If this rally fails, and y2k fizzles, sub 300 gold will be a fact of life for quite awhile. It is very evident that the Fed along with others will do anything and everything to keep the price of gold contained as much as possible hoping for a better environment in the year 2000. Kaplan had a very interesting take on the new longs and their stop loss orders that everyone knows about. If those stops are tripped, the amount of disallusionment will be incalcuable. Ken

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