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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: long-gone who wrote (63264)	2/3/2001 2:29:42 PM
From: goldsheet	Read Replies (1) of 116764

> Will demand increase if price improves? Sure, when price improves it will get gold on the radar screen and folks will come back into it, but that will only take it so far, then new/old factors will come in (it's dynamic - rules change at different price levels). When it gets high enough ($350) I think traditional behavior will come back in. Historically, Asian demand has been very price sensistive and when it gets to certain levels they stop buying and eventually start to sell. If we get above $300, then $350 will be huge resistance.

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