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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.90

+4.2%

Dec 9 4:00 PM EST

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To: pater tenebrarum who wrote (55867)	7/7/2000 9:54:21 AM
From: Enigma	Read Replies (1) of 116805

Maybe Joe is right - I was a broker in 1972/3 - before that a fund executive - I remember all the unsuccessful attempts the Dow made at staying above 1000 - finally it happened - in 1982 - I'm sure none of us believed it was finally for real even then. Now, I realise that gold has been above $300 - way above it - so it's not as if it's a barrier which hasn't been broken before - but a market in the doldrums doesn't always stay that way. And it isn't true to say that nobody is buying gold stocks - every day millions of shares are traded. If it wasn't so the stock prices would fall right off the board. But I have no idea what will turn it around.

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