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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.76

-6.4%

Dec 29 4:00 PM EST

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To: pater tenebrarum who wrote (56466)	7/19/2000 4:59:00 PM
From: Zardoz	Read Replies (3) of 116834

there was a good reason why gold rallied in the seventies...inflation. BULL. As stated many times before you need either HYPERINFALTION or deflationary pressure for gold to rise. Gold rose in the 70's cause it had no basis to form a market price on. what is a realistic value for the PoG? ... due to the special role of gold. GOLD has NO special role, it hasn't for years. Why should gold be value above it's market price? It's not a good currency hedge, it really only offers limited protection. a third of global production is already unprofitable at current prices GOOD. But that doesn't mean that more reserves can't be brought online at ever decreasing costs. So what is the fair value of gold.. Costs + 10% = $190 Want to know when to buy gold. When it nolonger is profitable to write futures options. Hutch PS: Eyeball your XAU/POG again lol You called it a buy.

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