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Gold/Mining/Energy : Gold Price Monitor
GDXJ 90.47+0.5%Nov 6 4:00 PM EST
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To: Enigma who wrote (48038)2/5/2000 8:14:00 AM
From: Rarebird  Read Replies (4) of 116752
 
The PDG announcement may well have been the catalyst - but the underlying reason will be seen later, with hindsight, to be the oncoming inflation.

All the new era types, like Kudlow, claim that one need only look at the POG to see there is no inflation. They may be getting a dose of tough love here.

As for the underperformance of the XAU, hardly anyone in the US is interested in Gold anymore. The only thing that will stop cash inflows into the high flying tech stocks is the massive onset of inflation and bankruptcy for these high tech maniacs.
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