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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.00

+2.0%

Dec 22 4:00 PM EST

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To: Rarebird who wrote (54465)	6/16/2000 9:17:00 AM
From: Crimson Ghost	Read Replies (2) of 116822

Rarebird: A mainstream investment manager I follow (Don Coxe) who has correctly said many times that we are NOT YET in a bear market, opines that a sharp drop in the dollar and rise in the Euro above par could touch one off. And that would be doubly good for gold. I have a middle of the road position on ABX. I have no problem with their edging in the early phases of the gold bear when it was obvious that POG was headed considerably lower. But I do have a problem with their persistent aggressive hedging at current very depressed POG. The management of this company seem to be ideologically dedicated gold bears. Something not kosher about one of the worlds's major gold companies being run by people who obviously do not believe in the future of their product.

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