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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

Nov 26 4:00 PM EST

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To: Ken Benes who wrote (53384)	5/30/2000 2:52:00 PM
From: long-gone	Read Replies (1) of 116768

ken, Production is far lower than last year! There is far less currently existing for the Central Banks to sell than a few years ago. If one believes one conspiracy theory the nearness of the accord on Holocaust settlement should relieve pressure. Demand is flat to slightly higher. The Washington sales agreement is in place. The BOE sales are more done than not. The Swiss sales will be done witth less impact on the market. There is far less producer hedging. There is far less leasing. Just how can it go lower much lower? Even if gold will drop to $250 is this not a great deal lower loss than many have seen in the NASDAQ of late? Which has a greater reward / risk ratio from here - many are saying the NASDAY still has another 25-35% down?

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