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Gold/Mining/Energy : Gold Price Monitor

GDXJ 112.58

-1.5%

Dec 15 4:00 PM EST

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To: Rarebird who wrote (52411)	5/7/2000 10:55:00 AM
From: Crimson Ghost	Read Replies (5) of 116815

Rarebird: In a democracy all roads ultimately lead to inflation. So I see stagflation is much more likely than outright deflation. The printing presses will be working day and night if outright deflation ever arrives on these shores. On POG the long-term outlook is quite uncertain. Much higher prices certainly are a real possibility, but I would not want to bet the farm at this point. By contrast, the odds of a move considerably above $300 before too many moons have passed are excellent in my judgement. There will be plenty of time to reassess the long-term outlook when and if gold gets to $310-$330 this year as I expect.

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