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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Rarebird who wrote (47624)	1/28/2000 12:57:00 PM
From: goldsheet	of 116756

>I think the rise in the XAU yesterday had something to do with this: > NEW YORK (CBS.MW) -- Gold stocks glittered Thursday as > the largest gold producer in North America helped lift > the sector with its strong quarterly earnings. The interesting thing about Newmont's Earnings were they came out at 8:06AM Eastern on Wednesday the 26th: biz.yahoo.com Newmont was basically unchanged on Wednesday, while the XAU dropped from 61.00 to 59.30. Apparently, it took a while for the analysts to read and understand Newmont's results. In addition to the reserve increases, I think the $2.40 cash flow per share was also a very nice number.

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