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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: goldsheet who wrote (53387)	5/30/2000 3:47:00 PM
From: Ken Benes	Read Replies (2) of 116769

Amen. This is going to exert enormous presure on the pog as the demand for jewelry begins to contract. I also expect a pickup in hedging activity as this additional gold will be used to collateralize new gold loans. Gold miners are dinosaurs in an evolving world of derivatives, high finance, and global economics. Bet yet they are like little boys playing with their pales and shovels while the world has been in school. Ken

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