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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: Enigma who wrote (49979)	3/3/2000 9:41:00 AM
From: Ken Benes	Read Replies (1) of 116767

Do you want to bet that the 1.6 million ounces of new production is not factored into the market. The impact of that production and the hedges associated with it will have a depressing effect on the price of gold. Supply needs to be reduced by postponing new production and delivering newly mined gold to hedgebooks. CB's holdings of gold adds nothing to money supply. Ken

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