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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Rarebird who wrote (51410)	4/13/2000 6:17:00 PM
From: james flannigan	Read Replies (2) of 116759

Rarebird,here some of the bullish sides.1)no exploration by jrs to find new reserves that the majors depleating.2) lowest POG in 20 years,and if you ajust for inflation its more like 40 years.3) if there is truly 10 t0 14 thousand tons sold short,there is noway to replace those ounces even with planed central bank sales.4) the new traders say that gold is no longer a currency,if so then why did gold increse in value of $12 last week when the us markets tanked in less than a half hour?5) for every seller there is a buyer only one party will be right in the end.Iam not a gold bug but its not every day that somebody wants to sell you somthing at a price of 20 years ago.It would be nice if we could buy a house at prices of 20 years ago.

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