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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Rarebird who wrote (53822)	6/7/2000 4:14:00 AM
From: long-gone	Read Replies (2) of 116811

<<The fact is that the XAU has not confirmed the rally in the POG over the last few trading sessions. A Pull back is in order....>> OK, I'm not saying you are wrong, just that there is a factor you may not have not taken into account in your analysis! Consider the impact of Index funds in this market place. With the broad ownership of S&P 500 funds, SPY's, MDY's & the like, and the number of XAU members represented in above, beating all the downward selling from above products may take a day or two.

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