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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.28

+3.8%

Nov 28 4:00 PM EST

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To: pater tenebrarum who wrote (55876)	7/7/2000 2:18:45 PM
From: goldsheet	Read Replies (3) of 116790

> my guess is once the May lows are taken out, we'll see panic dumping of gold stocks, > and new all time lows for the XAU. conceivably it could fall into the 30's. I don't think that is going to happen, there isn't much room to go on the downside. Likewise, I still don't think we are setup for any chance of a rally. I'm sticking with my May 1st comments that gold and silver will go sideways (average $5 and $275) pretty much all summer, with no chance of a rally until fall. I also expected the XAU to stay rather stuck at 60ish. So far, so good. Message 13533525

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