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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Lucretius who wrote (43740)	10/24/1999 10:49:00 PM
From: Richnorth	Read Replies (1) of 116764

Hutch predicted on the Nostradamus thread that China would devalue her Yuan on 11th August 1999. But no devaluation occurred on that day and he kept quiet about it! I think Hutch will be wrong again! This is 1999, not 1998! Hutch was "right" in 1998 but rather fortuitously. In hindsight, when there was such a concerted effort to drive the POG down, no wonder he was soooo right! A friend of mine reported to me what he read in a highly influential international newsletter:- .......But gold genie is out of bottle, and aside from setbacks, it's unlikely the gold bull market can be stopped. As a chartist I note, basis London PM fix, a pullback to 289.15 would be 50% normal technical retracement of recent upswing and a great buy-more spot. But you would have to place orders now, not after the event. Traders hope for pullback to 300-310. One day soon you will wake up to a $100 overnight rise, so don't be naked out. Producer buy-backs are coming...........etc., etc.

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