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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Enigma who wrote (53559)	6/2/2000 7:32:00 PM
From: Ken Benes	Read Replies (5) of 116779

It is amazing when something is selling for 1.00, a dollar increase in price is 100%. The same analogy can be made for the xau, it was selling at such a depressed level that any kind of rise who have an inflated % increase. The fact is, on a 8 dollar increase in the price of gold, all the xau could manage was a 2.73 point rise placing it under 60. Not exactly an endorsement in the rise in the pog. I would suspect that over this weekend, the bankers will be mobilizing the paper gold crowd and their friendly producers to squash this rally. Ken

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