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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Rarebird who wrote (59344)	10/4/2000 12:50:29 PM
From: Ken Benes	Read Replies (3) of 116761

I believe there is awild card in the situation, the democrats winning the white house and taking control of congress. This will unnerve the markets as the unchecked ambitions of one party may result in the spending of a lot of the surplus. Currently, the large surpluses are offsetting the large trade gap. Should those surpluses become suspect, there will be an impact on the dollar. What a fall in the dollar will mean for the pog, it is difficult to say because of the the negatives surround the gold market. I firmly believe it will take a crisis of panic proportions to cause a flight to gold and a meaningful rise in the pog. Ken

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