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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Rarebird who wrote (57673)	8/29/2000 1:19:51 AM
From: P314159d	Read Replies (1) of 116753

Ok, RARE.You are calling for the short term top just as I am. we differ on semantics, I am neither Bull nor Bear and I intend to stay that way heretofore. Some negatives ahead for the market remain the high oil prices, the impending inflation revolving around the Natural Gas prices for the winter (mostly cold weather states) and the intrinsic UP move in CPI still points higher for the winter ( reversal is necessary there). Now given the fed is on the sidelines, I still maintain a cautious eye toward gold to see if doesn't break to new lows. I have a small hedge with Barrick and would move aggressive if Gold can put in a bottom in this area, otherwise, you are right on the metal. I always expect the unusual in that area. Also, you point out a GORE win, if BUSH wins, it is perceived as inflationary given his take on tax cuts which push against the fed.. Gold might like that.

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