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Gold/Mining/Energy : Gold Price Monitor
GDXJ 108.88+4.2%Dec 9 4:00 PM EST

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To: Rarebird who wrote (53933)6/8/2000 12:25:00 PM
From: pater tenebrarum  Read Replies (1) of 116801
 
RB, talking about the producers, i believe a wave of consolidation is coming in the industry...the example set by South Africa will become a global phenomenon. fewer and larger producers will also have more control over output...and thus the PoG.

as for stocks, the secular bull is aging...i think it's on borrowed time. Japan is a good example for periods of long term underperformance of equities being alive and well in modern times. contrary to a suggestion recently made in a Bloomberg article, where various 'experts' (among them old timer Yale Hirsch to my dismay) suggested investors strike the term 'bear market' from their vocabulary as bear markets are supposedly simply no longer within the realm of the possible in our new era....

my guess is btw. that a gold bull market may be well underway by the time the catalyst for it becomes readily apparent. one thing is certain: CB's around the world have been printing money fast and furiously this past decade...it won't take much for gold to regain its luster. even a small increase of investment demand would do wonders in this small market.
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