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Gold/Mining/Energy : Gold Price Monitor

GDXJ 136.89

+6.5%

4:00 PM EST

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To: Edmund Lee who wrote (46305)	12/26/1999 11:38:00 AM
From: Rarebird	Read Replies (2) of 116972

< ABX is part of a conspiracy to bust POG > The hedging activities of ABX is a representation of the deep despair that has engulfed the Gold market after 20 long Bear market years. Clearly, ABX has no confidence in a sustained Bull Market Advance in Gold. Don't get me wrong: I'm no big fan of ABX. But they have survived and thrived in the 90's and they will be shrewd enough to remove most of their hedges when the POG clearly shows itself as having changed trend. ABX is a symptom not the cause of the decline in Gold.

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