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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: Enigma who wrote (50417)	3/15/2000 3:23:00 PM
From: Ken Benes	Read Replies (1) of 116815

I am a day trader and why in the world would any day trader invest in a gold equity when its price is determined by the pog. In times past this relationship would have lent itself to successful day trades, however, with the price of gold fixed in a trading range determined by factors outside of market forces, there is little money day trading gold stocks. Technology issues on the other hand are a veritable gold mine for day traders. If you had an interest in the technology sector you would probably be looking for companies that sell forward their production of microprocessors and had an additional interest in leasing inventoried stock for immediately release into the market. Sounds like the makings for a successful short trade.

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