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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: Ken Benes who wrote (53388)5/30/2000 3:57:00 PM
From: goldsheet  Read Replies (3) of 116769
 
> This is going to exert enormous presure on the pog as the demand for jewelry begins to contract

Agree. Many hope for stock markets, economies, and currencies to become weak then gold go up. Consumers, however, often spend based on the "wealth effect" and if their wealth is going to go down then they become less likely to buy gold jewelry
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