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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Robert Dirks who wrote (43649)	10/23/1999 9:59:00 PM
From: long-gone	Read Replies (2) of 116759

mortage rates,watch the mortage rates, friends. More exactingly the willingness of people to take on mortages at higher rates and these incredible property values. Make friends with a mortage broker. We had a drop off in housing starts reported, as mortage rates popped up, and people waited to see if there was a drop in rates pending. Well, here's the kicker. The rates have not retreated and the next numbers to hit the market will show people are (as we speak)rushing into the mortage market prior to the next bounce in rates(unless the numbers across the nation are different from the Rocky mountain market or corrupted). This long money willing being snapped up at these rates will drive a demand for yet more expensive long term money. As these rates boom, gold will follow, as these lease rates follow the long bond & the mortage rate. The shorts should take this last opportunity to get out or simply take the long walk on the short warf. Am I early installing a turnstile & diving board on top of high buildings on Wall Street?

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