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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: Rarebird who wrote (62452)	1/4/2001 9:36:48 AM
From: Crimson Ghost	Read Replies (4) of 116756

Gold's failure to react to the weak dollar most disappointing. Gold stock investors apparently were expecting bullion to rally; when it failed to do so the gold stocks got trashed. I now am leaning toward the conclusion that GATA is correct in arguing that NOTHING will move POG very much unless the manipulators lose contol. Clearly even the most severe economic and/or financial problems cannot not to so if people believe the powers that be can and will set things right. If the Fed proves unable to do this then gold might soar. But as long as people maintain their faith in Greenie looks like the gold cartel will continue to have things their own way.

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