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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.56+6.1%Feb 6 4:00 PM EST

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To: pater tenebrarum who wrote (55658)7/3/2000 9:04:32 PM
From: Sunny Jim  Read Replies (2) of 116972
 
heinz,

thanks for the explanation - always a help.

<<the longer gold stays tame, the bigger the leasing pyramid gets, and the more likely it becomes that it will one day implode>>

there have to be some real idiots entering leasing contracts at this time. in the stock market one can rationalize why people keep inflating the bubble...the total capitalazion of the market is rather huge, and the bubble will deflate sometime, but it can easily continue to get bigger before that happens. however, in the gold market, the amount of bubble (leased gold) relative to the gold market size is astronomical...much easier for the bubble to pop big time anytime. question is - what will be the pin prick that pops the bubble?
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