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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: Casaubon who wrote (48644)	2/9/2000 8:39:00 AM
From: Bruce Robbins	Read Replies (2) of 116762

What will drive the prices higher is the fact that there is no metal out there to sell in the short term. It's not as if some central bank can dump platinum group metals on the market like they did with gold. I do not see someone being able to flood the market with PGE's in the near term. Also, there seems to be very little forward selling and hedging done by producers. I wish gold was in the same position <g>.

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