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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: goldsnow who wrote (51388)	4/12/2000 11:00:00 PM
From: Hawkmoon	Read Replies (2) of 116762

I fail to see the relevance. The OSX is rising based upon stable oil prices at the $25 range. There is indeed potential profit in the oil sector as earnings look to be bright there. But once the market has factored in the value of those increased earnings to their stock prices, what will the oil companies do for an "encore"? How does that impact the technology stocks who are involved in circumventing the need to rely upon more and more energy? If anything, higher costs impact the commodity providers who have little ability to raise prices, but still incur the costs of higher energy costs. No need to respond. We've been down this road before.. Deja Vu all over again. Regards, Ron

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