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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: SwampDogg who wrote (45041)	11/15/1999 8:10:00 PM
From: IngotWeTrust	Read Replies (2) of 116753

Hi, fuddle...I have the time because my views of unhedged gold stocks is quite simple: don't sink a dime into them. The gold MINING industry is due to be highly regulated vis a vis, nationalized in global best interests, very shortly. That is the deathknell for equity values. If you want a parallel industry example: Check the highly regulated oil industry in the early days of the oil embargo when the "cracked products" increased went up. Our gov't down here, at least, slapped windfall profits taxes onto the companies and retained earnings was diverted into exploration. Paper gold is paper gold is paper gold and I don't want ANY of them, now or later. Good luck in your portfolio of unhedged stocks. O/49r

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