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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: pater tenebrarum who wrote (54556)6/16/2000 8:40:00 PM
From: Crimson Ghost  Read Replies (3) of 116822
 
heinz:

I suspect POG will get hit next week, but the XAU should hold up well -- it is just about as cheap as it gets relative to POG.

BTW, one of the reason's for gold's problems is the conviction among the vast majority in the investment community that inflation will not be a problem long term. They see the current inflation jump as strictly cyclical -- soon to be gone with the wind. For many the idea that inflation will never again be a major long term problem borders on religious faith.
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