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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: long-gone who wrote (54133)	6/13/2000 8:25:00 AM
From: Hawkmoon	Read Replies (3) of 116759

Don't you even understand how much the overall hedge position of the industry has been reduced & altered? All I know Richard is that you all have been saying the POG was set to go through the roof for the past 3 years or so, blaming anyone and everyone as being responsible for the manipulation. But I guess even a stopped clocked is right twice a day. Why don't you give us some concrete, documented examples of how the trend in the gold industry is heading toward less use of derivatives? And then tell us why the Central bankers won't continue to sell/lease gold into any rapid increase? AG has already told last June that the Fed was prepared to do so. Regards, Ron

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