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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: pater tenebrarum who wrote (56059)	7/12/2000 12:27:39 PM
From: Crimson Ghost	Read Replies (1) of 116815

Well the auction went badly, but the gold stocks are holding up well considering that and today's surge in the dollar. My take is that we may now start to build a base in preparation for a strong upmove later this year. With astute market timers like Don Hays predicting this SM rally will last several more weeks before rolling over, I doubt gold or gold stocks will be doing much on the upside near term. Still this may be a good time to buy the gold stock dips in anticipation of much better action when the markets and the dollar start south again big time.

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