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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: Ken Benes who wrote (48393)2/7/2000 4:16:00 PM
From: goldsheet  Read Replies (1) of 116786
 
> Correction for the last three years the trend in gold is down not sideways

Clarification: I picked a three years because I wanted to exclude the big drop in 1996 from $400, but I should have gone up to July 1997 when gold got down to $320ish. Since July 1997, it has been relatively sideways (enough for trading), with a slight downward bias, but NOTHING like the BIG drop.

P.S. I did a linear regression is the downward bias was 4.5 cents per day over the last 650 days - about $30
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